Zhongji Innolight Co., Ltd agreed to acquire 8.23% stake in Chongqing Junge Electronics Technology Co., Ltd from Li Dan, Ye Dailu, Cheng Hongping, Yu Li, Liu Shiyong, Gan Zaibin, and Zhang Jian for CNY 39.6 million.
June 21, 2023
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Zhongji Innolight Co., Ltd agreed to acquire 8.23% stake in Chongqing Junge Electronics Technology Co., Ltd from Li Dan, Ye Dailu, Cheng Hongping, Yu Li, Liu Shiyong, Gan Zaibin, and Zhang Jian for CNY 39.6 million on June 21, 2023. Chongqing Junge Electronics Technology Co., Ltd reported a Total revenue of CNY 389.2 million, Total assets worth CNY 308.8 million, EBIT of CNY 7.35 million and Net Income of 6.9 million and Net liabilities of CNY 13.6 million in December 31, 2022. Transaction was already approved by Board of director's of Zhongji Innolight Co., Ltd.
ZHONGJI INNOLIGHT CO., LTD. is a China-based company mainly engaged in high-end optical communication transceiver module business and intelligent equipment manufacturing business. The Company is committed to the research, development, manufacturing and sales of high-end optical communication transceiver modules. The products mainly serve the fields of cloud computing data centers, data communications, 5G wireless networks and telecommunications transmission networks. The intelligent equipment manufacturing business includes the research and development, manufacturing, sales and after-sales service of motor stator winding manufacturing equipment. The products are mainly used in automotive motors, industrial motors, household appliances motors and other fields. The Company operates its businesses in both domestic and overseas markets.
Zhongji Innolight Co., Ltd agreed to acquire 8.23% stake in Chongqing Junge Electronics Technology Co., Ltd from Li Dan, Ye Dailu, Cheng Hongping, Yu Li, Liu Shiyong, Gan Zaibin, and Zhang Jian for CNY 39.6 million.
ZHONGJI INNOLIGHT CO., LTD. 
