Hengtong Optic-Electric Intends to Acquire 51% Stock Shares of Huawei Marine

Updated:2019/6/3 14:42

Hengtong Optic-electric Co., Limited (hereinafter referred to as “Hengtong Optic-electric”) announced that it was planning to buy 51% stock shares of Huawei Marine Systems (Hong Kong) Co., Limited that hold by Huawei Tech Investment Co., Limited by issuing shares and paying cash.

As there is no certainty about the results, to protect the interest of investors and to avoid significant impact on the share price of company, after approval, stocks of Hengtong Optic-electric will be suspended since June 3rd 2019 and the time of suspension is expected to be less than 10 market days according to relevant regulations of shanghai security exchange.

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