Electric Connector Technology Co., Ltd. completed the acquisition of 51% stake in Shenzhen Amos Science and Technology Co., Ltd.
December 07, 2021
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Electric Connector Technology Co., Ltd. (SZSE:300679) agreed to acquire 51% stake in Shenzhen Amos Science and Technology Co., Ltd. from Wen Li and Wen Shengping for CNY 204 million on October 27, 2021. As per the transaction, Electric Connector Technology Co., Ltd. will acquire 30.6% stake from Wen Li and 20.4% stake from Wen Shengping of Shenzhen Amos Science and Technology Co., Ltd. Electric Connector Technology Co., Ltd. intends to use its own funds for the transaction. As of June 30, 2021, Shenzhen Amos Science and Technology Co., Ltd. generated total assets of CNY 89 million and net assets of CNY 60.5 million.
Electric Connector Technology Co., Ltd. (SZSE:300679) completed the acquisition of 51% stake in Shenzhen Amos Science and Technology Co., Ltd. on December 8, 2021.
Electric Connector Technology Co Ltd is a company engaged in research, development, production and sales of miniature electrical connectors and interconnection systems related products. The Company's products include miniature radio frequency (RF) connectors, cable connector assemblies and electromagnetic compatibility parts. The products are used in smart phones, Internet of vehicles (IoV) terminals, smart home appliances and other areas.
ELECTRIC CONNECTOR TECHNOLOGY CO., LTD. 
