Shenzhen Neoway Technology Co.,Ltd. agreed to acquire 10% stake in Liantong Zhiwang Ruixing Technology Co., Ltd. from Shenzhen Youlian Internet of Things Co., Ltd. for CNY 4 million.
August 20, 2021
Share
Shenzhen Neoway Technology Co.,Ltd. (SHSE:688159) agreed to acquire 10% stake in Liantong Zhiwang Ruixing Technology (Beijing) Co., Ltd. from Shenzhen Youlian Internet of Things Co., Ltd. for CNY 4 million on August 19, 2021. For December 31, 2020, Liantong Zhiwang Ruixing reported total asset of CNY 5.5 million, revenue of CNY 2.6 million, net asset of CNY 1.9 million and net loss of 2.2 million. The transaction has been approved in the 29th Meeting of the Shenzhen Neoway’s 2nd Directorate and does not need the Shareholders’ Approval.
Shenzhen Neoway Technology Co., Ltd. is a China-based provider of Internet of Things (IoT) access communications products and services. The Company is mainly engaged in the research and development, production and sales of IoT wireless communication modules, IoT wireless communication terminals and IoT wireless communication solutions. The IoT wireless communication modules are the core components for connecting network of intelligent connected terminal products. It enables all types of intelligent connected terminal products to have the ability to access IoT and realize remote monitoring, control, optimization and automatic operation. The IoT wireless communication terminal products mainly include N2810 and N2860. The IoT wireless communication solutions provide customers with cloud-pipe-end combination communication-related solutions. The Company operates its businesses primarily in Mainland China.
Shenzhen Neoway Technology Co.,Ltd. agreed to acquire 10% stake in Liantong Zhiwang Ruixing Technology Co., Ltd. from Shenzhen Youlian Internet of Things Co., Ltd. for CNY 4 million.
SHENZHEN NEOWAY TECHNOLOGY CO.,LTD. 
