Naruida Radar announced on September 30 that the company plans to use its own funds of 162 million yuan to purchase a 51% equity stake in Guangzhou Xintai Communication Technology Co., Ltd., and after acquiring the equity, it will assume the obligation to pay the unpaid registered capital of the target equity. Upon completion of the transaction, Xintai Communications will become a controlling subsidiary of Naruida Radar and be included in the company's consolidated financial statements. Founded in 2013, Xintai Communications is committed to providing integrated optical transmission systems and optical transmission optimization solutions. It is a domestic optical communication product manufacturer and optical transmission solution provider, with products mainly used in industries such as telecom operators, ISPs, IDCs, electric power, electronics, information and communications, network security, and cloud computing.
Naruida Technology Co. Ltd. Cl ANaruida Radar plans to acquire a 51% controlling stake in Xintai Communications for 162 million yuan, adding it as a consolidated subsidiary.
