|
| Monday, 19 November 2012, 10:40 HKT/SGT | |
| |
|
|
|
HONG KONG, Nov 19, 2012 - (ACN Newswire) - China All Access (Holdings) Limited (Stock Code 633.HK) entered into an agreement with ZTE Corporation acquire 51% equity interest in Changfei Investment Company Limited of Shenzhen City, a controlled subsidiary of ZTE, whilst ZTE Hong Kong will subscribe to 112 million shares and HK$201 million-worth convertible bonds of China All Access.
Upon completion of the deal, China All Access will become the controlling shareholder of Changfei Investment, an investment conglomerate with capabilities in large-scale R&D and production of mobile terminals (including 4G terminals). In turn, ZTE, the world's leading player in telecommunications and China's largest publicly-listed telecommunications equipment manufacturer, will become the second largest shareholder of China All Access.
CAA will draw from the cross-investment arrangements significant advantages of vertical integration, significantly expanding its leading edge and innovative R&D capacities of CAA's mobile terminals (including 4G terminals) in extensive public administration and industry applications, and effectively upgrading the asset scale and profitability.
Changfei Investment is China's top-tier investment conglomerate specializing in providing comprehensive mobile terminals (including 4G terminals) solutions, with an investment business spanning all stages of R&D, integration and manufacturing for mobile terminals and auxiliary products. Buttressed by ZTE's expansive industry platform, Changfei Investment has developed strong terminal R&D capabilities and production infrastructure over the past few years. This investment will realize for CAA multiple synergic advantages in product development, technology R&D, marketing, and business development. It is also expected to provide powerful impetus for China All Access's existing business in the R&D and production of wireless data terminals (Jinwutong and 4G mobile terminals), as well as satellite communication equipment terminals.
Mr. Alfred Shao, CEO of China All Access, said, "As China's leading public and industry communications solution provider, China All Access is proud of our special advantages in the fields of emergency communication, public security and comprehensive urban management, where we have built a solid foundation across the public security, traffic police, fire control, civil defense and radio management sectors. As government and business clients constantly raise the bar on our products in terms of the level of sophistication, confidentiality and security, the acquisition of Changfei Investment will enable the organic integration of our design, R&D and manufacturing abilities and bring China All Access's public and industry communications solution business to new heights. We are confident as a result of this deal, our leadership in the industry will be further consolidated, which spells ever more robust and sustainable profit growth and ever better returns to our shareholders. "
Topic: Merger & Acquisition
Sectors: Media & Marketing, Daily Finance, IT Individual, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Mr Liu Xiaojun, on behalf of Fufeng Group, has fully completed the acquisition of Viva World Trade, Inc.
Feb 7, 2026 05:45 HKT/SGT
|
|
|
GIC Invests US$100M in Ascletis Pharma (1672. HK): Anchoring Long-Term Capital in China's Core Innovative Drug Assets
Feb 6, 2026 17:45 HKT/SGT
|
|
|
GIC Private Limited initiated a stake in Ascletis Pharma (01672) by 64,128,000 shares at a price of HKD 12.18 per share
Feb 6, 2026 17:01 HKT/SGT
|
|
|
COSMOPlat Introduces Full-Stack AI to Hong Kong for Trillion-Dollar Industrial Digitalization
Feb 6, 2026 16:34 HKT/SGT
|
|
|
Everest Medicines Announces China NMPA Approval of VELSIPITY(R) for Adults with Moderately to Severely Active Ulcerative Colitis
Feb 6, 2026 14:17 HKT/SGT
|
|
|
Spritzer Celebrates Continued Excellence with Dual Recognition at Putra Brand Awards 2025 and Superior Taste Award 2025
Feb 6, 2026 13:13 HKT/SGT
|
|
|
Mitsubishi Motors Launches the All-New Versa Van in the Philippine Market
Friday, February 6, 2026 12:34:00 PM
|
|
|
Eternal Beauty Holdings Limited and Lane Crawford Debut Landmark Fragrance, Further Expanding Footprint in High-Margin Niche Fragrance Market
Feb 6, 2026 12:21 HKT/SGT
|
|
|
Distinct Healthcare Successfully Listed on HKEX, Bolstered by Premium Customer Base and All-Star Cornerstone Investors
Feb 6, 2026 11:44 HKT/SGT
|
|
|
Establishment of the World's First*1 Global Supply Chain to Introduce the Use of Renewable Plastics in Sony's High-Performance Products
Friday, February 6, 2026 10:50:00 AM
|
|
|
|
|
More Press release >> |
|
|
|
