Tianjin Zhibo Intelligent Technology Development Co., Ltd. entered into equity transfer agreement to acquire 52.53% stake in TianJin 712 Communication & Broadcasting Co., Ltd. from Tianjin Zhonghuan Electronic and Information Co., Ltd. for free.
August 26, 2020
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Tianjin Zhibo Intelligent Technology Development Co., Ltd. entered into equity transfer agreement to acquire 52.53% stake in TianJin 712 Communication & Broadcasting Co., Ltd. (SHSE:603712) from Tianjin Zhonghuan Electronic and Information (Group) Co., Ltd. for free on August 25, 2020. Tianjin Zhonghuan held 405 million A shares of TianJin 712, accounting for 52.53% of the total shares, and was the company's controlling shareholder. The transaction still needs to obtain the approval of Tianjin SASAC. As of August 26, 2020, the transaction is approved by the Tianjin SASAC.
Tianjin 712 Communication & Broadcasting Co.,Ltd is a China-based company principally engaged in the research, development, manufacture and sale of wireless communications products for military and civilian use. The Companyâs main products include air wireless communication terminals, ground wireless communication terminals, railway wireless communication terminals, system products and others. The Company's products are mainly used in the areas of military, railway, urban rail transit and maritime. The Company distributes its products mainly in domestic market.
Tianjin Zhibo Intelligent Technology Development Co., Ltd. entered into equity transfer agreement to acquire 52.53% stake in TianJin 712 Communication & Broadcasting Co., Ltd. from Tianjin Zhonghuan Electronic and Information Co., Ltd. for free.
TIANJIN 712 COMMUNICATION & BROADCASTING CO., LTD. 
