Hangzhou Qianquan Technology Partnership Enterprise (Limited Partnership), Hainan Li‘anmin Investment Partnership Enterprise (Limited Partnership) and Fu Xiaotong agreed to acquire 20% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd. from Xu Mengfei for CNY 460 million.
September 07, 2021
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Hangzhou Qianquan Technology Partnership Enterprise (Limited Partnership), Hainan Li‘anmin Investment Partnership Enterprise (Limited Partnership) and Fu Xiaotong agreed to acquire 20% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd. (SZSE:300710) from Xu Mengfei for CNY 460 million on September 7, 2021. In the acquisition, Hangzhou Qianquan Technology Partnership Enterprise (Limited Partnership) will acquire 3,579,861 shares, representing 5.22% stake; Hainan Li‘anmin Investment Partnership Enterprise (Limited Partnership) will acquire 4,773,148 shares, representing 6.96% stake and Fu Xiaotong will acquire 5,369,791 shares, representing 7.82% stake from Xu Mengfei. In the acquisition, Hangzhou Qianquan Technology Partnership Enterprise (Limited Partnership), Hainan Li‘anmin Investment Partnership Enterprise (Limited Partnership) and Fu Xiaotong will acquire 13.7 million shares at a price of 33.52 per share. Post completion, Hangzhou Qianquan Technology Partnership Enterprise (Limited Partnership), Hainan Li‘anmin Investment Partnership Enterprise (Limited Partnership), Fu Xiaotong and Hangzhou Prevail holds 5.22%, 6.96%, 9.41% and 3.56% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd., respectively.
Hangzhou Prevail Optoelectronic Equipment Co Ltd is a company mainly engaged in research, development, production and sales of radio and television network equipment. The Company's primary products are cable television optical fiber transmission equipment and cable television cable transmission equipment, such as optical transmitters, optical receivers, amplifiers, branch distributors and radio frequency equipment. The Company is also involved in production of front-end system and data communication system products, including satellite receivers, network adapters, encoders and Ethernet over Coax (EOC) equipment. The Company's products are mainly used in the transmission network, optimization and upgrading, as well as broadband access in radio and television industry. The Company sells its products to both domestic and international markets, including Vietnam, Indonesia, Singapore, Turkey and Russia.
HANGZHOU PREVAIL OPTOELECTRONIC EQUIPMENT CO., LTD. 
