Shenzhen Yuanzhi Fuhai Electronic Information Investment Enterprise (Limited Partnership) signs framework agreement to acquire 26.44% stake in Shenzhen Microgate Technology Co., Ltd. from Xinjiang Dongneng Dongfang Equity Investment Co., Ltd. for CNY 1.3 billion.
January 14, 2019
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Shenzhen Yuanzhi Fuhai Electronic Information Investment Enterprise (Limited Partnership) signs framework agreement to acquire 26.44% stake in Shenzhen Microgate Technology Co., Ltd. (SZSE:300319) from Xinjiang Dongneng Dongfang Equity Investment Co., Ltd. for CNY 1.3 billion on December 3, 2018. On January 15, 2019, Shenzhen Yuanzhi Fuhai Electronic Information Investment Enterprise (Limited Partnership) signed a share transfer agreement to acquire 26.44% stake in Shenzhen Microgate Technology Co., Ltd. from Xinjiang Dongneng Dongfang Equity Investment Co., Ltd. Under the agreement, Xinjiang Dongneng Dongfang Equity Investment Co., Ltd. will sell 183.8 million shares. Upon completion, Xinjiang Dongneng Dongfang Equity Investment Co., Ltd. will not hold any shares in Shenzhen Microgate Technology Co., Ltd.
SHENZHEN MICROGATE TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research, development, production and sale of electronic components and Liquid Composite Molding (LCM) display module devices. The Company's main products include chip power inductors, radio frequency (RF) components and LCM display module devices. The Company's products are mainly used in the areas of mobile communications, consumer electronics, military electronics, computers, the Internet applications, LED lighting, automotive electronics and industrial equipment. The Company distributes its products in domestic market and to overseas market.
SHENZHEN MICROGATE TECHNOLOGY CO., LTD. 
