TRANSTECH (09963.HK): Completes Acquisition of Entire Equity Interest in Haomin Investment, Indirectly Holds 51% Stake in Futong Optoelectronics
NewTimeSpace News: TRANSTECH (09963.HK) announced that all conditions precedent under the acquisition agreement have been fulfilled and the takeover was completed on 21 July 2026. The target Haomin Investment Holdings Limited has become a wholly-owned subsidiary of the Company, through which the Group indirectly holds a 51% equity interest in Futong Optoelectronics Technology (Hangzhou) Co., Ltd.
NewTimeSpace News: On 21 July 2026, TRANSTECH (09963.HK) issued a voluntary announcement. All conditions precedent attached to the acquisition agreement have been satisfied, and the acquisition transaction was closed on 21 July 2026.
Upon completion, the target company Haomin Investment Holdings Limited turns into a wholly-owned subsidiary of the Company, and the vendor ceases to hold any direct interest in the target. Accordingly, the Group indirectly holds a 51% equity stake in Futong Optoelectronics Technology (Hangzhou) Co., Ltd.
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