T&S Communications Co.,Ltd. signed the equity transfer agreement to acquire Guangdong Ruixinyuan Technology Co., Ltd. from Shenzhen Anpeng Shidai Investment Co., Ltd.
August 08, 2017
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T&S Communications Co.,Ltd. (SZSE:300570) signed the equity transfer agreement to acquire Guangdong Ruixinyuan Technology Co., Ltd. from Shenzhen Anpeng Shidai Investment Co., Ltd. for CNY 8.5 million on August 7, 2017. Shenzhen Anpeng Shidai Investment Co., Ltd. will cease to hold any stake in Guangdong Ruixinyuan Technology Co., Ltd. The transaction will be funded from internal resources of T&S Communications Co.,Ltd. For the year ended December 31, 2016, Guangdong Ruixinyuan Technology Co., Ltd. reported total revenues of CNY 7.21 million, total assets of CNY 17.48 million, net loss of CNY 4.16 million and net assets of CNY 9.88 million. The transaction does not require approval from Board and shareholders' of T&S Communications Co., Ltd.
T&S Communications Co Ltd is a company engaged in research, development, production and sales of optical communication devices and integrated functional modules. The Company's products include optical device products and optical sensing products. The optical device products include passive optical devices and active optical devices, which are used in the construction and maintenance of optical communication networks and data centers. The Company is also involved in the manufacturing of optical fiber sensor monitoring systems for signal monitoring in a range of areas, such as smart grids, petroleum and petrochemicals, as well as transportation.
T&S Communications Co.,Ltd. signed the equity transfer agreement to acquire Guangdong Ruixinyuan Technology Co., Ltd. from Shenzhen Anpeng Shidai Investment Co., Ltd.
T&S COMMUNICATIONS CO.,LTD. 
