Hangzhou Fangwo Biotechnology Co., Ltd. completed the acquisition of Zhejiang Viewshine IoT Technology Co., Ltd. from Zhejiang Viewshine Intelligent Meter Co.,Ltd.
January 20, 2022
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Hangzhou Fangwo Biotechnology Co., Ltd. agreed to acquire Zhejiang Viewshine IoT Technology Co., Ltd. from Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) for CNY 35.6 million on January 13, 2022. Upon completion, Zhejiang Viewshine IoT Technology Co. will cease to be a subsidiary of Zhejiang Viewshine Intelligent and operate as subsidiary of Hangzhou Fangwo Biotechnology. The Zhejiang Viewshine Intelligent held the 3rd meeting of the 5th directorate and approved transferring Zhejiang Viewshine IoT Technology Co.
Hangzhou Fangwo Biotechnology Co., Ltd. completed the acquisition of Zhejiang Viewshine IoT Technology Co., Ltd. from Zhejiang Viewshine Intelligent Meter Co.,Ltd (SZSE:002849) on January 20, 2022.
Zhejiang Viewshine Intelligent Meter Co Ltd is a China-based company principally engaged in the research and development, manufacture and sales of smart metering terminals and gas management system platforms. The Company's main products include integrated circuit (IC) card smart gas meters and their smart devices, remote gas meters (including wired remote gas meters, wireless remote gas meters and Internet of things remote gas meters), electronic gas meters (Including ultrasonic meters and audio meters), as well as corresponding software, data services and settlement systems. The Company mainly distributes its products within domestic market.