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Liyang Chip (688135.SH) plans to acquire 51% of Zhongwangda's shares for 306 million yuan, a company focusing on instruments and meters in the field of optical communication
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Zhitong Finance App News, Liyang Chip (688135.SH) announced that the company signed an “Share Acquisition Agreement” with shareholders Zheng Hongzhang and Deng Ronghui of Shenzhen Zhongwangda Optoelectronics Co., Ltd. (hereinafter referred to as “Zowangda”, “Target Company”) to plan to acquire 51% of Zhongwangda's shares in cash. The transaction consideration for 51% of the target company's 51% shares is RMB 306 million. After the acquisition is completed, Zhongwangda will become the company's holding subsidiary.

This share acquisition is a vertical extension of the company's industrial layout. The company's current testing technology reserves mainly focus on electrical signal testing and supporting system integration capabilities for finished wafers and chip products; the target company focuses on R&D, production and sales of instruments in the field of optical communication, active and passive modules, and optical chip testing. The technical focus is on optical signal testing. It has core photonic testing capabilities such as light source construction, optical conversion switches, optical path spectroscopy, optical power testing, automatic polarization control, and automated precision coupling, which can cover the optical parameter testing and verification requirements of pure optical signal chips. After careful research and discussion, the company's management believes that this acquisition fits the future strategic layout direction of the company's main business focusing on the “optical storage and computing” testing field, and is a key layout for the company to supplement optical signal testing capabilities and build an optoelectronic fusion test platform.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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