Tianjin Xinmao Science & Technology Co.,Ltd cancelled the acquisition of Fortis Optical Fiber Cable Co., Ltd. from Hangzhou Futong Communication Technology Co., Ltd.
July 16, 2019
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Tianjin Xinmao Science & Technology Co.,Ltd (SZSE:000836) signed a share transfer agreement to acquire Fortis Optical Fiber Cable (Chengdu) Co., Ltd. from Hangzhou Futong Communication Technology Co., Ltd. for CNY 830 million on July 17, 2018. The transaction is subject to approval from the shareholders of Tianjin Xinmao Science & Technology Co.,Ltd. The board of Tianjin Xinmao Science & Technology Co.,Ltd approved the transaction in the 42nd session of 7th directorate on July 17, 2018. The board and shareholders of Hangzhou Futong Communication Technology Co., Ltd. have approved the transaction.
Tianjin Xinmao Science & Technology Co.,Ltd (SZSE:000836) cancelled the acquisition of Fortis Optical Fiber Cable (Chengdu) Co., Ltd. from Hangzhou Futong Communication Technology Co., Ltd. on July 17, 2019.
Tianjin Futong Information Science & Technology Co Ltd, formerly TIANJIN FUTONG XINMAO SCIENCE & TECHNOLOGY CO Ltd, is a China-based company principally engaged in the manufacturing and sales of optical communication network products. The Company is also engaged in the system integration engineering business. The Company's main products include the optical communication networking products, such as optical fiber and cables, the quartz pipe products, the system integration products and other products. The Company mainly conducts its business in domestic market.
TIANJIN FUTONG INFORMATION SCIENCE&TECHNOLOGY CO.,LTD. 
