The Zhitong Finance App learned that Rapid Innovation (03355) rose by more than 7%. As of press release, it had risen 7.09% to HK$36.26, with a turnover of HK$6.5963 million.
According to the news, recently, Rapid Innovation announced that the company (as the buyer) signed an equity transfer agreement with Chen Qun, Wang Ge, Chen Zhiqiang, Xu Jing, Li Chuang, Xu Jianming, Liu Yu, Ni Xinping, Yang Furong, Yu Yaqin, Xu Chaoyang, Chen Xiaomin, Xu Jian, Peng Shuangting, Zhou Yan (as seller) and Shanghai Boda Data Communications Co., Ltd. (target company). According to this, the company conditionally agreed to the acquisition, and the seller conditionally agreed to sell 100% of their joint shares in the target company at a cost of RMB 330 million.
According to the announcement, the acquisition is the Group's core strategic layout for deepening the network infrastructure circuit and consolidating its long-term competitive advantage. The core goal is to comprehensively upgrade the Group's comprehensive strength in the four core sectors of R&D and innovation, large-scale manufacturing, supply chain management and global service. By absorbing Boda's complete R&D system, production line, full-line product matrix and senior technical team accumulated over 30 years in the data communication industry, the Group was able to consolidate its independent hardware development and stable supply chassis, significantly strengthen the Group's competitive advantage in high-growth and high-value downstream scenarios such as enterprise networks, data centers, and AI computing power infrastructure, continue to broaden revenue sources, consolidate global market share, and build a solid capability foundation for the Group's long-term steady growth.