AAC Technologies secures RMB115m strategic financing

AAC Technologies recently announced that its subsidiary Ruisheng Communication Technology has introduced strategic investors, including Hubei Xiaomi Yangtze River Industrial Fund and OPPO.

AAC Technologies recently announced that its subsidiary Ruisheng Communication Technology has introduced strategic investors, including Hubei Xiaomi Yangtze River Industrial Fund and OPPO.

The strategic investors agreed to increase their total capital to a total of 1.15 billion yuan to Risheng Communication.

AAC Technologies said the investment from the strategic investors will help improve its industry position, promote the diversification of shareholder structure, accelerate business development and optimize the integration of business resources.

Founded in 1993, AAC Technologies is an intelligent equipment solutions provider, listed on the Hong Kong Stock Exchange in 2005. According to its official website, the company currently employs more than 50,000 people worldwide and has 28 offices and 9 manufacturing bases.

The business scope of its subsidiary, Ruisheng Communication Technology, includes: stereo headphones, Bluetooth headphones, Bluetooth headphone modules, wireless stereo speaker boxes, research and development, production and processing of new electronic components; research and development, manufacturing and processing of optical components; manufacturing and processing of precision molds.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/27/aac-technologies-secures-rmb115m-strategic-financing/.

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