Guangku Technology: Intends to acquire 100% equity of Wuhan Jiepu for $17 million.
Guangku Technology announced that it has signed a "Equity Transfer Agreement" with Jep Investment Limited regarding the transfer of equity in Jep Technology Co., Ltd. The company plans to acquire 100% equity of the target company with a consideration of "170 million US dollars + net cash of the target company at the time of delivery - transaction expenses borne by the target company." After the acquisition is completed, the company will hold 100% equity of the target company and become the sole shareholder of the target company. The target company has complete capabilities in the manufacturing of optical active and passive devices and optical device packaging, possesses high-quality customer resources and supply chain advantages. It has strong product complementarity and strategic synergy with the company in the field of optical modules.
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