SECO SpA signed an agreement to acquire unknown majority stake in Fannal Electronics Co. Ltd on February 25, 2019. Lesen Ding, Fannal's founder, will retain a minority share and continue to guide the company as its General Manager and Chief Executive Officer. Lorenzo Parrini , Andrea Zen and Marco Parisi of Deloitte Financial Advisory Services S.p.A. acted as financial advisor and Massimo Zamorani , Lucia Ruffatti of Deloitte Touche Tohmatsu, Legal Advisory Arm acted as legal advisor for SECO SpA.