Fujian Fumi Technology Co., Ltd. completed the acquisition of a 75% stake in CPT TPV Optical Co., Ltd. from CPT Technology Co.,Ltd.
January 17, 2023
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Fujian Fumi Technology Co., Ltd. agreed to acquire 75% of stake in CPT TPV Optical (Fujian) Co., Ltd. from CPT Technology (Group) Co.,Ltd (SZSE:000536) for approximately CNY 330 million on August 8, 2022. On August 12, 2022, the company and Fumi Technology signed the Equity Transfer Contract. As of November 23, 2022, The transaction has been approved by the CPT Technology. On November 30, 2022, CPT Technology (Group) Co.,Ltd received the remaining amount of the second payment and interest, total of CNY 67 million.
Fujian Fumi Technology Co., Ltd. completed the acquisition of a 75% stake in CPT TPV Optical (Fujian) Co., Ltd. from CPT Technology (Group) Co.,Ltd (SZSE:000536) on December 14, 2022. AS of January 17, 2023, the CPT Technology (Group) Co.,Ltd (SZSE:000536) has received the full relevant payment for the purchase of 75% equity of CPT TPV Optical (Fujian) Co., Ltd..
CPT Technology Group Co Ltd is a China-based company principally engaged in the research and development, production and sales of display panels and display modules. The Company operates three segments. The Module segment mainly produces small and medium-sized display module products. The Panel segment mainly produces small and medium-sized display panels. The Antibacterial Products segment is mainly engaged in the provision of antibacterial glass and other products. The Company's products are primarily used in notebook computers, tablet computers, smartphones, Point of sales (POS), industrial control screens and other fields. The Company mainly conducts its businesses in the domestic market.