Zhuhai Saiya Investment Co., Ltd. cancelled the acquisition of additional 7.64% stake in Tatwah Smartech Co.,Ltd from Zhuhai Zhiyuan Investment Center (Limited Partnership).
September 28, 2020
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Zhuhai Saiya Investment Co., Ltd. signed a share transfer agreement to acquire an additional 7.64% stake in Tatwah Smartech Co.,Ltd (SZSE:002512) from Zhuhai Zhiyuan Investment Center (Limited Partnership) for approximately CNY 530 million on September 9, 2020. Pursuant to the transaction, Zhuhai Zhiyuan will dispose off 87,424,806 shares at CNY 6.05 per share. Post the completion of the transaction, Zhuhai Saiya will own 9.64% stake and Zhuhai Zhiyuan will cease to hold any stake in Tatwah.
Zhuhai Saiya Investment Co., Ltd. cancelled the acquisition of additional 7.64% stake in Tatwah Smartech Co.,Ltd (SZSE:002512) from Zhuhai Zhiyuan Investment Center (Limited Partnership) on September 29, 2020. The parties signed the share transfer termination agreement.
Tatwah Smartech Co Ltd is a China-based company mainly engaged in the provision of terminal and system application product solutions. The Company is committed to building a communication network that integrates satellite Internet, big data centers, emergency communications and marine economic operations. The Company mainly conducts its businesses through three segments. The Television (TV) Motherboard and Smart Display segment is mainly engaged in the research and development, manufacturing and sales of smart screens, digital screens, smart TVs and smart display motherboards. The Project Development and System Integration Business segment mainly provides global high-throughput satellite communication services, satellite Internet operation services, communication terminal products and industrial digital applications. The Other Business segment is mainly engaged in other businesses related to communication networks and digital screens.
Zhuhai Saiya Investment Co., Ltd. cancelled the acquisition of additional 7.64% stake in Tatwah Smartech Co.,Ltd from Zhuhai Zhiyuan Investment Center (Limited Partnership).