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Sheng Hong Technology is planning a major move!

China Bicheng Electronics Technology Co., Ltd certification
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Kevin, Received and tested the boards - thanks very much. These are perfect, exactly what we needed. rgds Rich

—— Rich Rickett

Ruth, I got the PCB today, and they are just perfect. Please stay a little patience, my next order is coming soon. Kind regards from Hamburg Olaf

—— Olaf Kühnhold

Hi Natalie. It was perfect, I attach some pictures for your reference. And I send you next 2 projects to budget. Thanks a lot again

—— Sebastian Toplisek

Kevin, Thanks, they were perfectly made, and work well. As promised, here are the links for my latest project, using the PCBs you manufactured for me: Regards, Daniel

—— Daniel Ford

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Company News
Sheng Hong Technology is planning a major move!
Latest company news about Sheng Hong Technology is planning a major move!

Sheng Hong Technology (300476.SZ) announced that it intends to purchase 100% equity of Pole Star Limited ("PSL" or "the Target Company") held by Tree House Limited ("THL") in cash. After the transaction is completed, the company will hold 100% equity of the Target Company and indirectly hold 100% equity of MFS Technology (S) Pte Ltd ("MFSS") and all its subsidiaries (including MFS Technology (M) Sdn Bhd, Hunan Sheng Hong Technology Circuit Board Co., Ltd., Hunan Sheng Hong Technology Co., Ltd., Yiyang Sheng Hong Technology Co., Ltd., and MFS Technology Europe UG).


It is reported that PSL is a holding company registered in the Cayman Islands with no substantial business, and its main holding is 100% equity of MFSS. MFSS is a global leading provider of innovative flexible printed circuit and interconnect solutions established in 1988. It is good at designing and producing high-density and multi-layer flexible circuit boards, and focuses on end industries such as medical, data storage, automotive, and industrial control. The total cost of this acquisition is no more than USD 460 million, including approximately USD 365 million in equity value, no more than approximately USD 95 million in debt, and other expenses related to this transaction that may be incurred.


The announcement shows that the PCB business is the company's core business; the target company PSL belongs to the PCB manufacturing industry, with its main products being flexible circuit boards ("FPC") and components, which is consistent with the company's strategic development goal of "actively layout horizontal integration of the PCB industry chain". After the acquisition is completed, Sheng Hong Technology will form a full range of PCB product portfolios covering rigid circuit boards (with multi-layer boards and HDI as the core) and flexible circuit boards (single and double-sided boards, multi-layer boards, and rigid-flex combination boards), rapidly enriching the company's product structure.



Source: Zhitong Finance

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Pub Time : 2023-07-28 11:05:45 >> News list
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