Triumph Science & Technology Co.,Ltd signed the Equity Transfer Agreement 100% stakes in CLFG Luoyang Longhai Electronic Glass Co. Ltd., CLFG Longmen Glass Co., Ltd. and Bengbu CNBM Information Display Materials Co., Ltd for approximately CNY 540 million.
June 31, 2022
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Triumph Science & Technology Co.,Ltd (SHSE:600552) signed the Equity Transfer Agreement 100% stakes in CLFG Luoyang Longhai Electronic Glass Co. Ltd., CLFG Longmen Glass Co., Ltd. and Bengbu CNBM Information Display Materials Co., Ltd for approximately CNY 540 million on May 31, 2022. 30% of the deal value will be paid within 10 days of signing of the agreement, 20% of the deal value will be paid within 15 days of name change. The deal is subject to approval of offer by Triumph Science & Technology Co.,Ltd (SHSE:600552) shareholders. CLFG Luoyang Longhai Electronic Glass Co. Ltd., CLFG Longmen Glass Co., Ltd. and Bengbu CNBM Information Display Materials Co., Ltd reported total assets of CNY 1.4 billion, and net assets of CNY 1.48 billion as at March 31, 2022.
Triumph Science&Technology Co Ltd is a China-based company, principally engaged in electronic message display business. The Company operates in two segments. New Display segment principally provides capacitive touch screens, thin film transistor-liquid crystal display (TFT-LCD) thinning glass, TFT liquid crystal display modules (LCMs) and touch panel (TP) modules, indium tin oxide (ITO) conductive film glass and flexible coatings. The Company's products are applied in electronic information display terminal products. New Materials segment is mainly engaged in the production and sales of zirconia, spherical materials, nano-barium titanate and other materials. The Company distributes its products within domestic market and to overseas markets.
Triumph Science & Technology Co.,Ltd signed the Equity Transfer Agreement 100% stakes in CLFG Luoyang Longhai Electronic Glass Co. Ltd., CLFG Longmen Glass Co., Ltd. and Bengbu CNBM Information Display Materials Co., Ltd for approximately CNY 540 million.
TRIUMPH SCIENCE & TECHNOLOGY CO.,LTD 
