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Changxin Bochuang: Plans to acquire a 196 million yuan stake in Gaosu Active Optical Cable Company, representing 2.20% of shares in Changxin Sheng
Mars Finance News, Changxin Bochuang announced that the company plans to acquire a 2.20% stake in its controlling subsidiary Changxin Sheng for 196 million yuan in cash.
After the transaction is completed, the shareholding ratio will increase to 62.65%.
Changxin Sheng is a provider of optical communication solutions, with main products used in data communication, consumer, and industrial Internet fields.
Products include various high-speed cables and passive pre-terminated jumpers for data center internal interconnection, high-speed active optical cables (AOC) for consumer, industrial, and medical industry interconnections, as well as a wide range of high-speed analog chips, high-speed optoelectronic module components, and other interface processors used in different scenarios.
The company’s controlling shareholder and actual controller, Changfei Optical Fiber and Cable Co., Ltd., holds a 37.35% stake in the target company.