Ningbo Tianlong Electronics Co., Ltd. and Suzhou Industrial Park Zhongyuan Naxing Venture Capital Partnership (Limited Partnership) signed the Equity transfer agreement to acquire 5.4546% in Zhejiang Grecon Semiconductor Co., Ltd from group of sellers for CNY 30 million.
January 06, 2023
Share
Ningbo Tianlong Electronics Co., Ltd. (SHSE:603266) and Suzhou Industrial Park Zhongyuan Naxing Venture Capital Partnership (Limited Partnership) signed the Equity transfer agreement to acquire 5.4546% in Zhejiang Grecon Semiconductor Co., Ltd from Shanghai Cuiyuan Semiconductor Technology Partnership (Limited Partnership), Shanghai Cuirui Semiconductor Partnership (Limited Partnership), Shanghai Cuijiang Semiconductor Partnership (Limited Partnership) and Shanghai Cuixin Semiconductor Partnership (Limited Partnership) for CNY 30 million on January 6, 2023. The transaction was approved by Ningbo Tianlong Electronics Co., Ltd. thirteenth meeting of the fourth board of directors. For the year ended, October 31, 2022, Zhejiang Grecon Semiconductor Co., Ltd total asset is CNY 152.98 million and net asset is CNY 103.71 million.
Ningbo Tianlong Electronics Co., Ltd. is a China-based company and mainly engaged in manufacture and sales of precise plastic parts. In terms of motor vehicles precision plastic parts, the products of the company are functional plastic parts. In terms of plastic parts for electrical appliances, companyâs main products include circuit breaker panels, programmable logic controllers and structures, and among others. In terms of plastic parts of consumer electronics, companyâs main products includes printer stents, gears, mobile phone models, mobile phone shells, mobile phone protection shell casings, camera shells, and among others. The Companyâs products are applied in automotive, electrical appliances, consumer electronics, medical equipments, aviation and other areas of plastic parts production. The Company operates its businesses primary in domestic market.
Ningbo Tianlong Electronics Co., Ltd. and Suzhou Industrial Park Zhongyuan Naxing Venture Capital Partnership (Limited Partnership) signed the Equity transfer agreement to acquire 5.4546% in Zhejiang Grecon Semiconductor Co., Ltd from group of sellers for CNY 30 million.
NINGBO TIANLONG ELECTRONICS CO., LTD. 
