VITAL INNO (06133) announced that on December 20, 2024, the company entered into a partnership with Shenzhen New Fruit Information Partnership...
According to the information from Zhitong Finance APP, VITAL INNO (06133) announced that on December 20, 2024, the company entered into a non-legally binding memorandum of understanding with Shenzhen New Fruits Information Partnership (Limited Partnership), regarding a potential acquisition of certain equity held by the seller in Jiangxi New Four Seasons Technology Co., Ltd. Accordingly, the company proposed to acquire no less than 20% of the total equity of the target company as suggested by the seller.
It is reported that the main Business of the target company is to provide products and services, including mobile phones, AI, Smart Phone camera modules, iris recognition modules, speakers and receivers, Education equipment, and Drone modules. The production facilities of the target company are located in Jiangxi, China. Currently, the target company has about 20 customers. The main customers of the target company include major mobile phone and Smart Phone manufacturers and major Drone manufacturers in China.