Shanghai Axing Investment Management Co., Ltd. completed the acquisition of a 5.05% stake in Shanghai Fortune Techgroup Co., Ltd. from Shanghai Yinyan Investment Advisory Co., Ltd., Lingyuan Investment Advisory Co., Ltd., Shanghai Fortune Information Technology Co., Ltd.
March 05, 2024
Share
Shanghai Axing Investment Management Co., Ltd. agreed to acquire a 5.05% stake in Shanghai Fortune Techgroup Co., Ltd. (SZSE:300493) from Shanghai Yinyan Investment Advisory Co., Ltd., Lingyuan Investment Advisory (Shanghai) Co., Ltd., Shanghai Fortune Information Technology Co., Ltd. for CNY 160 million on January 9, 2024. As of February 6, 2024, transfer price is adjusted from CNY 6.33 per share to CNY 4 per share and the total transfer price will be adjusted from CNY 161.4 million to CNY 102 million.
Shanghai Axing Investment Management Co., Ltd. completed the acquisition of a 5.05% stake in Shanghai Fortune Techgroup Co., Ltd. (SZSE:300493) from Shanghai Yinyan Investment Advisory Co., Ltd., Lingyuan Investment Advisory (Shanghai) Co., Ltd., Shanghai Fortune Information Technology Co., Ltd. on March 6, 2024.
Shanghai Fortune Techgroup Co., Ltd. is a China-based authorized distributor of integrated circuits (ICs). The Company is mainly providing a range of technical support services including IC application solutions to customers, so as to form the sales of IC products. The products distributed by the Company are focused on the communication connection chip and the sensor chip, which are divided into eight categories, including wireless fidelity (WiFi) and network processor chips, wireless connected chips, capacitors, sensor chips, radio frequency (RF) and power amplifiers, connectors and microprocessor chips, among others.
SHANGHAI FORTUNE TECHGROUP CO., LTD. 
