Zhuhai Rundatai Investment Partnership Enterprise (Limited Partnership) agreed to acquire additional 5.67% stake in Sunsea AIoT Technology Co., Ltd. from Shanghai Runliangtai IOT Technology Partnership Enterprise (Limited Partnership) for approximately CNY 340 million.
August 11, 2020
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Zhuhai Rundatai Investment Partnership Enterprise (Limited Partnership) agreed to acquire additional 5.67% stake in Sunsea AIoT Technology Co., Ltd. (SZSE:002313) from Shanghai Runliangtai IOT Technology Partnership Enterprise (Limited Partnership) for approximately CNY 340 million on August 11, 2020. Zhuhai Rundatai Investment Partnership Enterprise (Limited Partnership) will acquire 77 million shares at a price of CNY 16.11 per share. After the acquisition Zhuhai Rundatai Investment Partnership Enterprise (Limited Partnership) holds 26.24% stake in Sunsea AIoT Technology Co., Ltd. The transaction price should be paid to Shanghai Runliangtai IOT Technology Partnership Enterprise (Limited Partnership) within one month after completion of the transaction.
Sunsea AIoT Technology Co., Ltd., formerly SUNSEA Telecommunications Co., Ltd. is a China-based company principally engaged in smart Internet of things business, the sales of communications network infrastructure products, as well as the provision of communications engineering services. The Company mainly provides cable broadband and fiber broadband network construction solutions and products, mobile broadband and wireless site construction solutions and products, communication network survey, design, construction and generation services, as well as the Internet of Things products and services. The Company mainly conducts its businesses in domestic market.
SUNSEA AIOT TECHNOLOGY CO., LTD. 
