Zhang Yu and Zhang Shouchun acquired 4% of stake in Allwin Telecommunication Co., Ltd. from Ruili City Ruili Bay Tourism Development Co., Ltd. for CNY 90.7 million.
February 07, 2023
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Zhang Yu and Zhang Shouchun acquired 4% of stake in Allwin Telecommunication Co., Ltd. (SZSE:002231) from Ruili City Ruili Bay Tourism Development Co., Ltd. for CNY 90.7 million on December 20, 2022. Allwin Telecommunication applied for bankruptcy liquidation by the creditor Wanxiang Trust Co., Ltd., the People's Court of Ruili City, Yunnan Province has issued a "Civil Ruling" ((2021) Yun 3102 No. 1), accepting Wanxiang Trust Co., Ltd.'s bankruptcy liquidation application for Ruili City Ruili Bay Tourism Development Co., Ltd..
Zhang Yu and Zhang Shouchun completed the acquisition olf 4% of stake in Allwin Telecommunication Co., Ltd. (SZSE:002231) from Ruili City Ruili Bay Tourism Development Co., Ltd. on February 6, 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.
Zhang Yu and Zhang Shouchun acquired 4% of stake in Allwin Telecommunication Co., Ltd. from Ruili City Ruili Bay Tourism Development Co., Ltd. for CNY 90.7 million.
ALLWIN TELECOMMUNICATION CO., LTD. 
