Dongxu Optoelectronic Technology Co., Ltd. completed the acquisition of 38.7% stake in Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. from Shijiazhuang Baoshi Electronic Group Co., Ltd.
The transaction is subject to approval by Shijiazhuang State-owned Assets Supervision and Administration Commission and Shijiazhuang Municipal Bureau of Finance and is subject to shareholders' approval. As of December 23, 2014, the transaction was approved by Shijiazhuang Xuxin Optoelectronic Technology's shareholders. The transaction has been approved by Board of Dongxu Optoelectronic Technology.
Dongxu Optoelectronic Technology Co., Ltd. (SZSE:200413) completed the acquisition of 38.7% stake in Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd. from Shijiazhuang Baoshi Electronic Group Co., Ltd. on January 6, 2016.