The 51% and 49% of the shares of China Power Huaxing are listed on the Beijing Equity Exchange at a base price of RMB 29,081,160,000 and 27,904,584,000 respectively. After the transaction is completed, CEC Huaxing will become a subsidiary of Vico Electronics.
CLP Huaxing is a state-controlled enterprise registered in Shenzhen, and its industry is computer, communications and other electronic equipment manufacturing. Zhonghua Huaxing's main products include module power supply, custom power supply, high-power power supply and systems, serving railways, Military, power and communications industries. Self-developed power supply products need to use electronic assembly processes and packaging processes based on thick film substrates and printed circuit boards. This type of process is the main business area of Wolters Electronics.
Hangjin Technology stated that the proposed acquisition of Zhonghua Huaxing is a confirmation of the expansion of the military electronics industry of the company, which will help the company expand its military business scale and expand its military business market.