Zhongji Innolight to Acquire 10.47% Stake in Zhongshi Technology for RMB1.75 Billion
Zhongji Innolight has signed a share transfer agreement with the controlling shareholders of Zhongshi Technology to acquire a 10.47% stake in cash at RMB55.7 per share, for a total consideration of approximately RMB1.75 billion. Zhongshi Technology develops and sells high-performance thermal conductive materials and EMI shielding materials used across digital infrastructure segments, including 5G communications, next-generation advanced communications, data centers, and computing power centers.
Zhongji Innolight announced that it has signed a share transfer agreement with Wu Xiaoning, Ye Lu, and Han Wu, the controlling shareholders of Zhongshi Technology, to acquire a 10.47% stake in the company in cash. The transfer price is RMB55.7 per share, with total consideration of approximately RMB1.75 billion.
Zhongshi Technology is primarily engaged in the research, development, production, and sale of high-performance thermal conductive materials and EMI shielding materials. Its products can be applied across various segments of digital infrastructure, including 5G communications and next-generation advanced communications, data centers, and computing power centers.
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