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On the evening of March 6, Ruifeng Optoelectronics announced its intention to sell 100% equity in Shanghai Ruifeng Optoelectronics Co., Ltd. (hereinafter referred to as "Shanghai Ruifeng"), a wholly-owned subsidiary, for RMB 250 million. Under the plan, the company will directly transfer 62.5% of the shares, while its wholly-owned subsidiary, Ningbo Ruikang Optoelectronics Co., Ltd., will transfer the remaining 37.5%. The buyer of the shares is Mr. Sun Xiangdong. This move was approved by the third board of directors at its 20th meeting held on March 5, 2018, under the proposal titled "Proposal on Transferring Equity of Wholly-Owned Subsidiaries."
The decision reflects the company’s ongoing strategy to consolidate its main production facilities in Yiwu and Shenzhen, Zhejiang. The sale of Shanghai Ruifeng’s equity is part of a broader effort to streamline operations, enhance resource integration, and align with the company’s long-term strategic goals. By optimizing its organizational structure, Ruifeng aims to improve efficiency and better position itself for future growth.
This transaction also signals a shift in focus toward more centralized and efficient production models, which are essential for maintaining competitiveness in the rapidly evolving optoelectronics industry. The company has emphasized that this move is not a retreat but a calculated step toward greater operational synergy and long-term value creation.
With the support of its board and leadership team, Ruifeng remains committed to innovation, quality, and sustainable development. The restructuring of its subsidiaries is a natural progression in its journey to become a more agile and responsive enterprise in the global market.
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