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On the evening of March 6, Ruifeng Optoelectronics announced its intention to sell 100% of the equity in Shanghai Ruifeng Optoelectronics Co., Ltd., a wholly-owned subsidiary, for RMB 250 million. Under the plan, Ruifeng 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 decision was approved during the 20th meeting of the company’s third board of directors held on March 5, 2018, under the "Proposal on Transferring Equity of Wholly-Owned Subsidiaries."
The company has been gradually consolidating its main production bases in Yiwu and Shenzhen, Zhejiang. The proposed sale of Shanghai Ruifeng's equity is part of a strategic move aimed at streamlining the organizational structure, accelerating the integration of products and resources, and aligning with the company’s long-term development strategy.
This transaction reflects Ruifeng’s ongoing efforts to optimize its operations and focus on core business areas. By divesting non-core assets, the company aims to enhance efficiency and better allocate capital toward high-growth opportunities. The decision also underscores the company’s commitment to adapting to market dynamics and maintaining a competitive edge in the optoelectronics industry.
In addition, this move may open new avenues for collaboration or investment, as the new shareholder, Mr. Sun Xiangdong, could bring fresh perspectives and resources to the table. Overall, the sale represents a calculated step in Ruifeng’s broader corporate restructuring and growth strategy.
Shenzhen Ousida Technology Co., Ltd , https://en.osdvape.com