Huawei Becomes Third Largest Shareholder of Hengtong Optic-Electric

Updated:2020/3/17 23:13

The announcement of Hengtong Optoelectronics shows, on January 7, 2020, Optic-Electric received the approval from China Securities Regulatory Commission (CSRC) and it was approved to issue 47,641,288 shares to Huawei Technologies Investment Co., Ltd. to purchase relevant assets. The issue price is RMB 14.75 per share, and the restricted stock trade period is 12 months.

The additional shares have been issued on March 12, 2020, and Huawei Investment has become the third largest shareholder of Hengtong Optic-Electric.

As of March 6, 2020, Hengtong Optic-Electric has acquired 51% of Huawei Marine’s equity, and the related change registration procedures have been completed, the announcement said.

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