FIBOCOM (00638.HK): Closes Sale of Entire Stake in Shanghai Guangyi to Luxshare Precision; De-consolidated from 4 September

NewTimeSpace · 2026/09/08 07:52 · By Boyuan Chen

On 7 September 2026, FIBOCOM (00638.HK) announced the closing of the sale of its aggregate 100% stake in Shanghai Guangyi to Luxshare Precision on 4 September 2026. Post-closing, Shanghai Guangyi is de-consolidated from the company's reporting scope; the company said the transaction is expected to optimize its current-year operating performance and supports its focus on core businesses.

NewTimeSpace News: On 7 September 2026, Fibocom Wireless Inc. (stock code: 00638) announced that it, together with employee shareholding platforms Ningbo Guangyi and Ningbo Guangxing, has completed the disposal of the aggregate 100% equity interest in Shanghai Guangyi Intelligent Technology Co., Ltd. to Luxshare Precision Industry Co., Ltd. (Luxshare Precision). Equity closing was completed on 4 September 2026, with the relevant industrial and commercial change registration procedures finalized.

Following completion, the company no longer holds any equity in Shanghai Guangyi, and Shanghai Guangyi and its subsidiaries will no longer be included in the company's consolidated reporting scope.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

FIBOCOM 00638.HK Equity Disposal