China Academy of Space Technology agreed to acquire 5% stake in Beijing Ctrowell Technology Corporation Limited from controlling shareholders for approximately CNY 280 million.

China Academy of Space Technology agreed to acquire 5% stake in Beijing Ctrowell Technology Corporation Limited (SZSE:300455) from controlling shareholders for approximately CNY 280 million on November 28, 2019. China Academy of Space Technology acquired 31.8 million shares in Beijing Ctrowell Technology Corporation Limited.