LianChuang Electronic Technology Co.,Ltd entered into an agreement to acquire remaining 40% stake in Chongqing Liangjiang Lianchuang Electronics Co., Ltd. from Chongqing Liangjiang New Area Strategic Emerging Industries Equity Investment Fund Partnership, a fund managed by Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. for CNY 235 million.
December 28, 2022
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LianChuang Electronic Technology Co.,Ltd (SZSE:002036) entered into an agreement to acquire remaining 40% stake in Chongqing Liangjiang Lianchuang Electronics Co., Ltd. from Chongqing Liangjiang New Area Strategic Emerging Industries Equity Investment Fund Partnership, a fund managed by Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. for CNY 235 million on December 27, 2022. LianChuang Electronic Technology had paid CNY 100 million on signing of agreement and the balance will be paid before June 30, 2023.
LianChuang Electronic Technology Co.,Ltd, formerly Hemp Industrial Investment CO., LTD., is a China-based company principally engaged in the research, development, manufacture and distribution of optical products and optoelectronic products. The Company's main products include camera lens, optical lens, camera modules, touch display integrated products, integrated circuit products and displays, among others. The Company's products are used in intelligent smart terminals and wearable equipment, such as smart phones, tablet computers, sports cameras, intelligent driving and virtual reality (VR)/Augmented Reality (AR). The Company distributes its products in domestic markets and to overseas markets.
LianChuang Electronic Technology Co.,Ltd entered into an agreement to acquire remaining 40% stake in Chongqing Liangjiang Lianchuang Electronics Co., Ltd. from Chongqing Liangjiang New Area Strategic Emerging Industries Equity Investment Fund Partnership, a fund managed by Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. for CNY 235 million.
LIANCHUANG ELECTRONIC TECHNOLOGY CO.,LTD 
