2.3 billion to acquire Zhongkong Information—Wanlong Optoelectronics is making a big move toward building a smart city. Fu Xiaotong’s supporting financing round has been handled quite smoothly this time.

Mars Finance News reported on May 29 that Wandong Optoelectronics announced that the company plans to acquire 100% of the shares of Zhongkong Information held in aggregate by 17 trading counterparties, including Huige Partners, Chint Electric, Yunyin Partners, and Zhige Partners, through issuing shares and paying cash, and to issue shares to Fu Xiaotong, the company’s actual controller, to raise supporting funds. The transaction price is 23.25 billion yuan. This transaction constitutes a major asset restructuring and a related-party transaction, but does not constitute a reorganization for listing. (Company announcement)