Wan Tong Development (600246.SH) intends to acquire the controlling rights of CAE Technology, a PCIe high-speed switch chip manufacturer, with a total investment of 854 million yuan, opening up a second growth curve.

Chinatong financial news APP, Wantong Development (600246.SH) announced that the company is planning to acquire 62.9801% equity of Beijing Sudu Information Technology Co., Ltd. ("Sudu Technology") through capital increase and equity transfer, with a total investment of 854 million yuan. After the investment is completed, the target company will become a subsidiary of the listed company and will be included in the consolidated financial statements of the listed company.