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LiveCom Limited owns the Hong Kong SBO Telecom Operation License and is backed by Hong Kong's global communications hub. By interconnecting with many international telecom operators and satellite submarine cable companies, it has built a comprehensive network covering the whole world, using network + content + services, and The way of telecommunication business and media content integration provides customers with one-stop information communication services. The main business includes international basic network services, enterprise ICT application services and Chinese TV content services. As an international information integrated service provider, LiveCom Limited provides services such as one-stop communication, enterprise information and TV content for overseas operations for cross-border users such as “going out†enterprises, organizations and governments. It is an active practitioner of the national “One Belt, One Road†development strategy.
At present, the company's main LED packaging, the business is relatively single, affected by the industry's prosperity. In order to prevent business risks and maintain sustained and rapid growth of the company's performance, the company proposed to diversify operations in emerging industries through mergers and acquisitions and investment, and to foster new profit growth points on the basis of consolidating existing main businesses.
Under the background of the “One Belt, One Road†development strategy, the company is optimistic about the future development prospects of LiveCom Limited. The company intends to realize the holding of the target company through the acquisition of equity, and will continue to strengthen the support of the target company, so that it can continue to expand its business scope, expand the scale of customers and utilize the first-mover advantage in the cross-border of Chinese capital on the basis of existing projects and customers. The rapid development of the blue ocean market for institutional user communication and information services has become a new profit growth point for the company.
Jufei Optoelectronics plans to acquire Hong Kong Telecom Operating Company
Jufei Optoelectronics (300303) announced on the evening of July 22, 2015 that the company and Newinfo Holdings Limited signed an Equity Transfer Agreement in Shenzhen. The company intends to acquire a 51% stake in LiveCom Limited owned by Newinfo Holdings Limited. As confirmed by both parties, the 51% equity transfer of LiveCom Limited was RMB 90 million. After the transaction is completed, LiveCom Limited becomes a holding company of the company.