Sichuan Jiuzhou Electronic Co., Ltd. agreed to acquire Shanghai Zhiliang Electronic Technology Co., Ltd. from Shanghai Tangzhong Network Technology Partnership Enterprise (Limited Partnership), Sichuan Jiuzhou Electric Group Co., Ltd. and Shanghai Tayu Enterprise Management Center (Limited Partnership)
January 04, 2024
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Sichuan Jiuzhou Electronic Co., Ltd. (SZSE:000801) agreed to acquire Shanghai Zhiliang Electronic Technology Co., Ltd. from Shanghai Tangzhong Network Technology Partnership Enterprise (Limited Partnership), Sichuan Jiuzhou Electric Group Co., Ltd. and Shanghai Tayu Enterprise Management Center (Limited Partnership) on January 4, 2024.Sichuan Jiuzhou Electronic is also issuing shares through non-public placement to not more than 35 specific investors to raise supporting funds. Transaction has already been approved by Sichuan Jiuzhou Electronic's board of director's. Transaction is still subject to approval from Sichuan Jiuzhou Electronic's shareholders,internal decision-making bodies,State-owned Asset Supervisory Administration and Shenzhen Stock Exchange and China Securities Regulatory Commission.
Sichuan Jiuzhou Electric Co Ltd is a China-based company mainly engaged in the research, development, manufacturing, and sales of intelligent terminal products, air traffic control products, and microwave and radio frequency products. The Company operates five segments. Intelligent Terminal Products segment provides video fusion intelligent terminal and data communication terminal. Air Traffic Control Products segment provides air traffic control system, radar system, communication system, navigation system, and monitoring system, among others. Microwave and Radio Frequency Products segment provides Microwave and Radio Frequency devices, components, modules, machine, system and solutions. Plastic Products segment provides plastic products. Property Services Products segment provides property management services.