Zhejiang Zuch Technology (301280.SZ) plans to acquire a 20% stake in Devi Jia for 40 million yuan. The company is focused on the automotive high-frequency high-speed connector business.

Zhejiang Zuch Technology (301280.SZ) announced that on February 12, 2025, the company signed a "Equity Transfer Agreement of DeWagia Automotive Electronic System (Wuxi) Co., Ltd." with DeWagia Automotive Electronic System (Wuxi) Co., Ltd. and all of its shareholders in Leqing City. The company plans to acquire 20% of the equity of the target company held by Miao Weihan, Yao Xiang, and Wang Yan for 40 million yuan. The announcement shows that the target company focuses on the research and manufacturing of automotive high-frequency high-speed connectors, with main products including Fakra, HFM, HSD, and H-MTD high-frequency high-speed connectors, mainly used in intelligent driving systems, intelligent cockpit systems, and in-car entertainment systems. This proposed equity acquisition of the target company, based on its strengths in the field of automotive high-frequency high-speed connectors, will have a positive impact on the company.