Shenzhen AOTO Electronics Co., Ltd. completed the acquisition of remaining 40% stake in Aoto Gtek Optoelectronic Co., Ltd. from Shenzhen Gtek Huike Optoelectronic Technology Co., Ltd.
October 08, 2021
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Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) agreed to acquire remaining 40% stake in Aoto Gtek Optoelectronic Co., Ltd. from Shenzhen Gtek Huike Optoelectronic Technology Co., Ltd. for CNY 4.7 million on August 30, 2021. Post completion, Shenzhen AOTO Electronics Co., Ltd. will own 100% stake in the Aoto Gtek Optoelectronic Co., Ltd. As of June 30, 2021, total asset and net asset of Aoto Gtek Optoelectronic Co., Ltd. was CNY 53.7 million and CNY 32.97 million respectively. On August 30, 2021, the 27th session of 4th directorate of Shenzhen AOTO Electronics Co., Ltd. approved the transaction.
Shenzhen AOTO Electronics Co., Ltd. (SZSE:002587) completed the acquisition of remaining 40% stake in Aoto Gtek Optoelectronic Co., Ltd. from Shenzhen Gtek Huike Optoelectronic Technology Co., Ltd. on October 9, 2021.
SHENZHEN AOTO ELECTRONICS CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of light-emitting diode (LED) applications and financial electronic products, as well as the provision of related services. The Company's main products include LED video display systems, LED information release and instruction systems, LED lighting products, electronic receipt systems and Liquid Crystal Display (LCD) advertising machines. The Company also provides related and software integration services. The Company's LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. The Company's financial electronic products and services are mainly used in banking and telecommunications industries. The Company distributes its products in domestic and to overseas markets.
SHENZHEN AOTO ELECTRONICS CO., LTD. 
