Highbroad Advanced Material Co., Ltd. agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million.
September 14, 2023
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Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million on September 15, 2023. The Highbroad Advanced Material (Hefei) Co., Ltd. (SZSE:301321) held the 1st meeting of the 4th board of directors and the 1st meeting of the 4th board of supervisors on September 15, 2023, which deliberated and approved the "Proposal on the Acquisition of Minority Shareholder Equity of the Controlled Subsidiary Hefei Xingchen New Materials Co., Ltd.
Highbroad Advanced Material Hefei Co Ltd is a China-based company mainly engaged in the provision of backlight display modules for semiconductor display panels. The Company is specialized in optical design, light guide plate design, precision mold design, overall structure design and intelligent manufacturing. The Company''s main products include backlight display modules, light guide plates, precision structural parts, optical materials and other related components. Its products are used in terminal products such as notebook computers, desktop monitors, tablet computers, car screens, medical monitors and industrial control monitors. The Company distributes products both in the domestic market and to overseas markets.
Highbroad Advanced Material Co., Ltd. agreed to acquire remaining 10% stake in Hefei Xingchen New Materials Co., Ltd. from Wang Chengguo for CNY 19.5 million.