On the evening of September 4, Zhouming Technology made an announcement regarding its plan to acquire 100% of the equity of Hangzhou Xihe Optoelectronics Co., Ltd. (referred to as "Xihe Optoelectronics") for RMB 24.68 million using its own capital and bank loans. Once the equity transfer is completed, the company will hold full ownership of Xihe Optoelectronics, making it a wholly-owned subsidiary.
Xihe Optoelectronics is based in the Yuhang Economic Development Zone, which offers a strategic location. By acquiring this company, Zhouming Technology aims to establish a solid regional base in East China. This move is expected to strengthen the company's presence and influence in the region, enabling it to better cater to customer demands nationwide and improve service quality. Following the transaction, the company plans to leverage Xihe Optoelectronics' advantageous geographical position to expand its market reach within East China. This will not only deepen its national market penetration but also accelerate its responsiveness to customer needs, ultimately contributing positively to the company's growth.
As a result of this acquisition, Zhouming Technology anticipates significant benefits, including enhanced operational efficiency and increased market share. The company remains committed to optimizing its resources and expanding its footprint across the country. With Xihe Optoelectronics as its cornerstone in East China, Zhouming Technology is poised to achieve greater success and solidify its position in the industry.
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