Zhuzhou Hongda Electronics Corp.,Ltd. (SZSE:300726) signed share purchase agreement to acquire remaining 4.5% stake in Shenzhen ZTEWelink Technology Co., Ltd. from ZTE Corporation (SZSE:000063) for CNY 36.5 million on October 8, 2021. Shenzhen ZTEWelink Technology reported Total assets of CNY 697.5 million and total common equity of CNY 181.9 million till June 30, 2021. The deal is expected to be completed by no later than October 15, 2021.