Wuhan P and S to Buy Shenzhen IC Distributor
SHENZHEN, Oct 18, 2013 (SinoCast Daily Business Beat via COMTEX) --
Wuhan P and S Information Technology Co., Ltd. (SZSE: 300184) revealed that it will acquire a 65% stake in DXY Technology (Shenzhen) Co., Ltd. for CNY 156 million to kick off further market expansion.
DXY Technology is a distributor of IC products focusing on Internet of Things and telecom fields, offering customers IC devices and application solutions.
The buyer said that it will seek opportunity to acquire the rest 35% stake in DXY Technology in the future and continue other mergers and acquisitions on the capital market to expand business scale.
Source: www.stcn.com (October 18, 2013)
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