Beijing BDStar Navigation Co., Ltd. acquired remaining 10% stake in Beijing BDStar Positioning Co., Ltd. from core employees.
December 17, 2020
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Beijing BDStar Navigation Co., Ltd. (SZSE:002151) agreed to acquire the remaining 10% stake in Beijing BDStar Positioning Co., Ltd. from core employees on September 24, 2020. The transaction was approved by the 42nd meeting of the 5th board of directors of Beijing BDStar on September 24, 2020.
Beijing BDStar Navigation Co., Ltd. (SZSE:002151) completed the acquisition of remaining 10% stake in Beijing BDStar Positioning Co., Ltd. from core employees on December 15, 2020. Following the transaction, Beijing BDStar Navigation Co., Ltd holds 100% equity of Beijing BDStar Positioning Co., Ltd.
Beijing BDStar Navigation Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of satellite navigation positioning products and other navigation products. Its main products include Global Navigation Satellite System (GNSS) chips, modules and board cards, navigation positioning antennas and microwave communication devices, among others. The Company is also engaged in the research and development, manufacture and distribution of automotive electronics and navigation products and automotive audio entertainment products, national defense equipment business, and industry application and operation services business. The Company conducts its businesses within domestic and overseas markets.