Xinhao Optoelectronics (301051.SZ) announced that the company plans to transfer 100% equity of its wholly-owned subsidiary Xinhao Optoelectronics (Dongguan) Co., Ltd. (referred to as Dongguan Xinhao) to the affiliated party Dongguan Luxshare Precision Industry Co., Ltd. (referred to as Dongguan Luxshare) for a transaction price of RMB 52.47 million.
Xinhao Optoelectronics (301051.SZ) announced that the company plans to transfer 100% equity of its wholly-owned subsidiary Xinhao Optoelectronics (Dongguan) Co., Ltd. (referred to as Dongguan Xinhao) to the affiliated party Dongguan Luxshare Precision Industry Co., Ltd. (referred to as Dongguan Luxshare) for a transaction price of RMB 52.47 million.
After this related party transaction, the company will no longer hold the equity of Dongguan Xinhao, and it is expected to increase the net income attributable to shareholders of the company's parent company in 2024 by RMB 5.7672 million.