Xiang Li acquired 3% stake in Allwin Telecommunication Co., Ltd. from Ruili City Ruili Bay Tourism Development Co., Ltd. for CNY 68 million.
June 09, 2023
Share
Xiang Li acquired 3% stake in Allwin Telecommunication Co., Ltd. (SZSE:002231) from Ruili City Ruili Bay Tourism Development Co., Ltd. for CNY 68 million on May 17, 2023.
Xiang Li completed the acquisition of 3% stake in Allwin Telecommunication Co., Ltd. (SZSE:002231) from Ruili City Ruili Bay Tourism Development Co., Ltd. on June 7, 2023.
ALLWIN TELECOMMUNICATION CO., LTD is a China-based company principally engaged in the development, production and sale of mobile communication network optimization coverage equipment and system integration solutions, as well as the provision of related services. The Companyâs main products include various kinds of direct repeater stations, digital optical fiber distribution systems, various kinds of power dividers, as well as various kinds of ventricular antennas and beautified antennas. The Company's products are mainly used in mobile communication customer gathering areas, such as large buildings, stadiums and clubs. The Company distributes its products in domestic market.
ALLWIN TELECOMMUNICATION CO., LTD. 
