Shenzhen Sunway Communication Co., Ltd. agreed to acquire 96.8421% stake in Weishi Technology Co., Ltd. from Jiangsu Rongsheng Enterprise Management Co., Ltd., Hunan Lingxing Technology Co., Ltd., Xie Youjun, Zhao Hengyi, Li Jinrong, Peng Hao, Wu Yi, Gong Dianhai, Wang Yanxia and Peng Shuang for CNY 990 million.
August 16, 2023
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Shenzhen Sunway Communication Co., Ltd. (SZSE:300136) agreed to acquire 96.8421% stake in Weishi Technology Co., Ltd. from Jiangsu Rongsheng Enterprise Management Co., Ltd., Hunan Lingxing Technology Co., Ltd., Xie Youjun, Zhao Hengyi, Li Jinrong, Peng Hao, Wu Yi, Gong Dianhai, Wang Yanxia and Peng Shuang for CNY 990 million on August 16, 2023. This Proposal on the Acquisition of Equities and Related Transactions has been reviewed and approved by the Shenzhen Sunway Communication Co., Ltd. (SZSE:300136) 5th meeting of the directorate and 5th Supervisory Board held on August 16, 2023 and still need the shareholders approval. Financials at June 30, 2023 Total assets for CNY940 million.
Shenzhen Sunway Communication Co., Ltd. specializes in the design, manufacturing and marketing of radio frequency components and solutions for the mobile telecommunication sector. The group offers antennas, connectors, acoustic modules and electromagnetic components for mobile devices (smartphones, tablets, laptops, etc.), the Internet of Things, home automation and smart vehicles. Shenzhen Sunway Communication Co. also offers technical support services.
51% of sales are abroad.
SHENZHEN SUNWAY COMMUNICATION CO., LTD. 
