Guangxi Xinqianyi Technology Co., Ltd. completed the acquisition of 42% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd..
March 22, 2023
Share
Guangxi Xinqianyi Technology Co., Ltd. agreed to acquire 42% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) for approximately CNY420 million on February 24, 2023. After the transfer, the Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) will still hold 18%. This has been approved in the 14th Meeting of the Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) 7th Directorate held on February 24, 2023, and does not need the Shareholders' Approval.
Guangxi Xinqianyi Technology Co., Ltd. completed the acquisition of 42% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd. (SZSE:002055) on March 23, 2023.
Shenzhen Deren Electronic Co., Ltd. is a China-based company, principally engaged in the manufacture and distribution of electronic connectors and precision components. Its products include consumer electronics serious and automotive serious. The Company's products include home appliances connectors, computer connectors, light-emitting diode (LED) connectors, automotive connectors and wiring harnesses, safety and alarm sensors, and car networking. Its products are applied in home appliances, computers and peripherals, smart phones and wearable equipment. The Company is also engaged in wholesaling and retailing businesses. The Company distributes its products within domestic market and to overseas markets.
Guangxi Xinqianyi Technology Co., Ltd. completed the acquisition of 42% stake in Liuzhou Shuangfei Auto Electric Appliances Manufacturing Co., Ltd. from Shenzhen Deren Electronic Co., Ltd..