China Securities Network News (Reporter Zhang Xingwang) Guanghong. Technology (300735) announced on the evening of October 28 that the company plans to jointly invest. US$120 million with Huaqin Technology and Lingyi Intelligent. Manufacturing through Guanghong Investment to establish a Vietnamese subsidiary, of which US$25 million is registered capital. The main business scope of the Vietnamese company includes the research and development. Production and sales of 3C products and Internet of Things products, automotive electronics, industrial control and other products.
The announcement shows that Guanghong Technology’s subsidiary
Guanghong Hong Kong holds a 65% stake in Guanghong Investment, and Huaqin Technology’s subsidiary Tuoyin Technology holds a 35% stake in Guanghong Investment. At the same time, this external transaction intends to introduce phone number library Lingyi Intelligent Manufacturing. Through equity transfer, Guanghong Hong Kong holds a 51% stake in Guanghong Investment, Tuoyin Technology holds a 24.5% stake in Guanghong Investment, and Lingyi Intelligent Manufacturing’s subsidiary in Singapore, TRIUMPH LEAD (SINGAPORE) PTE. LTD., holds a 24.5% stake in Guanghong Investment.
According to the announcement
Guanghong Technology will provide its own resource support. And assist the target company in implementing all management and operational how convin’s machine learning improves matters. Huaqin Technology and Lingyi Intelligent Manufacturing should provide their own resource support and assist the Vietnamese company in reaching three-year planned business orders, completing the establishment and maintenance of sales channels and end-customer supplier certification matters for the target company; all parties should give full play to their respective advantages and fully support the target company’s production and operation.
Guanghong Technology said that this investment
In Vietnam will further improve the company’s overseas business layout. Which will be conducive to supporting the development of the company’s main business and consolidating the company’s industry position.
On the same day, Guanghong Technology cayman islands lists disclosed its 2020 third-quarter report. The company achieved operating income of 1.774 billion yuan in the first three quarters, a year-on-year increase of 14.58%; net profit attributable to shareholders of listed companies was 292 million yuan, a year-on-year decrease of 4.45%; the company achieved revenue of 633 million yuan in the third quarter, a year-on-year increase of 28.81%, and net profit attributable to shareholders of listed companies was 116 million yuan, a year-on-year increase of 3.24%.