Jiangsu Zhongtian Technology Co., Ltd. cancelled the acquisition of additional 6.51% stake in Zhongtian Technology Submarine Cable Co., Ltd. from China Development Fund Co., Ltd. for CNY100 million.
March 15, 2021
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Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) agreed to acquire additional 6.51% stake in Zhongtian Technology Submarine Cable Co., Ltd. from China Development Fund Co., Ltd. for CNY100 million on March 16, 2020. Post acquisition Jiangsu Zhongtian Technology Co., Ltd will hold 96.09% stake in Zhongtian Technology Submarine Cable Co., Ltd. Jiangsu Zhongtian Technology Co. within five working days before March 20, 2020, shall pay the total equity transfer amount to account of China Development Fund. The transaction has been approved by Jiangsu Zhongtian Technology Co. board.
Jiangsu Zhongtian Technology Co., Ltd. (SHSE:600522) cancelled the acquisition of additional 6.51% stake in Zhongtian Technology Submarine Cable Co., Ltd. from China Development Fund Co., Ltd. on March 16, 2021.
JIANGSU ZHONGTIAN TECHNOLOGY CO., LTD. is a China-based company, principally engaged in the manufacture and sales of communication products. The Company's products include general optical fiber cables, power optical fiber cables, submarine optical fiber cables, optical fiber products, radio frequency cables, aluminum alloy wires, aluminum clad steel wires, soft optical fiber cables, optical fiber ribbon cables, optical cable components, as well as detective optical fiber cables, among others. The Company is also engaged in trading and new energy businesses. The Company distributes its products within domestic market and to overseas markets.
Jiangsu Zhongtian Technology Co., Ltd. cancelled the acquisition of additional 6.51% stake in Zhongtian Technology Submarine Cable Co., Ltd. from China Development Fund Co., Ltd. for CNY100 million.
JIANGSU ZHONGTIAN TECHNOLOGY CO., LTD. 
