Xinxiang Xintou Industry M&A Investment Fund No. 1 Partnership Enterprise (L.P.) managed by Beijing Haihoutai Capital Co., Ltd. completed the acquisition of 5% stake in Joyware Electronics Co.,Ltd from Shi Xugang.
August 17, 2023
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Xinxiang Xintou Industry M&A Investment Fund No. 1 Partnership Enterprise (L.P.) managed by Beijing Haihoutai Capital Co., Ltd. agreed to acquire 5% stake in Joyware Electronics Co.,Ltd (SZSE:300270) from Shi Xugang for approximately CNY 150 million on July 21, 2023. This share transfer matter needs to be confirmed by the Shenzhen Stock Exchange and obtain a confirmation opinion before the share transfer and transfer procedures can be handled at the China Securities Depository and Clearing Corporation Limited Shenzhen Branch.
Xinxiang Xintou Industry M&A Investment Fund No. 1 Partnership Enterprise (L.P.) managed by Beijing Haihoutai Capital Co., Ltd. completed the acquisition of 5% stake in Joyware Electronics Co.,Ltd (SZSE:300270) from Shi Xugang on August 18, 2023.
Joyware Electronics Co., Ltd., formerly OB Telecom Electronics Co., Ltd., is principally engaged in the research, development, manufacture and distribution of security protection video monitoring transmission technology products. The Company primarily provides digital video optical transmitters, video any route (VAR) exchanging platforms, front-end equipment and back-end products, which are used in security protection, transportation and other industries. The Company distributes its products in domestic market.
Xinxiang Xintou Industry M&A Investment Fund No. 1 Partnership Enterprise (L.P.) managed by Beijing Haihoutai Capital Co., Ltd. completed the acquisition of 5% stake in Joyware Electronics Co.,Ltd from Shi Xugang.