Crystal-Optech buys Guangdong firm to bolster AR/VR position
Zhejiang Crystal-Optech (SZSE:002273) is set to acquire 95.60% equity stake in Guangdong E科思 Technology for RMB 323.5 million (approximately $44.7 million), funding the deal through a combination of proprietary and borrowed capital. The transaction positions Crystal-Optech to strengthen its technological standing in AR/VR by vertically integrating optical component design with production capabilities. Following the acquisition, Crystal-Optech will gain direct control over 95.60% stake in Guangdong E科思, and indirectly own additional 2.00% through wholly owned subsidiary, creating consolidated reporting under its financial statements and a higher AR/VR market position.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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