Jiang Li completed the acquisition of 5% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd. from Xu Quanhai, and Xu Mengfei.
May 20, 2021
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Jiang Li signed a share transfer agreement to acquire 5% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd. (SZSE:300710) from Xu Quanhai, and Xu Mengfei for CNY 92.6 million on February 3, 2021. Under the terms of agreement Jiang Li will acquire 3.43 million shares at CNY 27 each. Jiang Li will pay CNY 35 million within 5 working days after the agreement becomes effective and remaining will be paid one month after the agreement becomes effective. Upon closing, Xu Quanhai will hold 15.53% stake and Xu Mengfei will hold 23.56% stake in Hangzhou Prevail Optoelectronic.
Jiang Li completed the acquisition of 5% stake in Hangzhou Prevail Optoelectronic Equipment Co., Ltd. (SZSE:300710) from Xu Quanhai, and Xu Mengfei on May 21, 2021.
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. 
