BOE acquires 0.20% equity of Yuansheng Optoelectronics for 4 million yuan

BOE A (000725) announced on the evening of the 17th that the company acquired the Ordos source of the 5.5th generation AM-OLED production line project company of Erdos from the Ordos City Jiaqi City Construction Investment Development Co., Ltd. at a price of 4 million yuan. Sheng Optoelectronics Co., Ltd. (hereinafter referred to as “Yuansheng Optoelectronics”) holds 0.20% equity.

BOE A said that the equity transfer procedures have been completed and Yuansheng Optoelectronics has become a wholly-owned subsidiary of the company. Subsequently, the company increased its capital to Yuansheng Optoelectronics twice, with a total capital increase of RMB 1.4 billion.

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