Meister United LLC agreed to acquire Pacific Light Data Communication Co. Ltd. from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) and management of Pacific Light Datafor $160 million on February 22, 2022. Pacific Light Data has a total assets of$406.3 million and net assets of -$20.8 million as of October 31, 2021.

The transaction has been reviewed and approved at the fifth meeting of the 12th board of directors of Peng Telecom & Media. As per article on March 10, 2022, shareholders of Peng Telecom approved the transaction.