Jiangsu Huanbang Investment Co., Ltd. signed a share transfer agreement to acquire Changzhou Hua R Sheng Reflective Material Co., Ltd. from SVG Optoelectronics Technology Co., Ltd. and SVG Tech Group Co.,Ltd. for CNY 550 million
June 19, 2023
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Jiangsu Huanbang Investment Co., Ltd. signed a share transfer agreement to acquire Changzhou Hua R Sheng Reflective Material Co., Ltd. from SVG (Yancheng) Optoelectronics Technology Co., Ltd. and SVG Tech Group Co.,Ltd. (SZSE:300331) for CNY 550 million on June 19, 2023. The transaction has been approved by the board of SVG Tech Group and will be effective on the date of shareholder approval of SVG Tech Group.
SVG Tech Group Co Ltd is a China-based company principally engaged in the design, development and manufacture of micro- and nano-structured products and manufacturing equipment, as well as the provision of related technical research and development services. The Company's main products include public safety anti-counterfeiting materials, new display optical materials, medium and large-sized touch materials, new optical printing materials, as well as micro and nano equipment and automotive special decorative materials, such as the laser sign system equipment for automobile number platesâ production sequence numbers and the photolithography manufacturing equipment for micro- and nano-structured products. The Company distributes its products in the domestic market, with East China as its main market.
Jiangsu Huanbang Investment Co., Ltd. signed a share transfer agreement to acquire Changzhou Hua R Sheng Reflective Material Co., Ltd. from SVG Optoelectronics Technology Co., Ltd. and SVG Tech Group Co.,Ltd. for CNY 550 million
SVG TECH GROUP CO.,LTD. 
