HI-Group's touch panel factory GIS-KY has become the board of directors through the investment adjustment structure of the mainland investment industry. Through equity transfer, Yecheng Technology (Chengdu) Co., Ltd. will directly hold 100% of the other three mainland subsidiaries.
Yicheng is 100% owned by three mainland subsidiaries, Chengcheng Optoelectronics (Shenzhen) Co., Ltd., Yecheng Optoelectronics (Wuxi) Co., Ltd. and Yecheng Technology (Zhengzhou) Co., Ltd., according to the three companies September 30, 2018 The daily valuation was transferred to Yecheng Technology (Chengdu) Co., Ltd., and Chengcheng Technology (Chengdu) Co., Ltd. issued an additional equity of 70.229 million US dollars as the consideration for payment. After the completion of the equity transfer, Yecheng Technology (Chengdu) Co., Ltd. will directly hold 100% of the shares of the other three mainland companies.
Ye Cheng said that the investment structure adjustment of the investment business was aimed at improving the company's operating performance, reducing management costs, and expanding the scale of the economy.