Naredo Radar (688522.SH) plans to buy 51% of Xintai Communications's shares for 162 million yuan

Zhitong Finance App News, Narui Radar (688522.SH) announced that it plans to use its own capital of RMB 162 million to purchase 51% of Guangzhou Xintai Communication Technology Co., Ltd. (hereinafter referred to as the “target company” or “Xintai Communications”) held by Yang Chaojian, Chen Taibao, Yao Qiufang, Xu Zhen, Li Yunfeng, and Zhu Meifang (hereinafter collectively referred to as “counterparties”) (hereinafter referred to as the “target company”) (hereinafter referred to as the “target company”) (hereinafter referred to as the “target company”). After the transfer of shares, the company will assume payment obligations for the underlying shares. After the transaction is completed, the company will hold 51% of Xintai's shares. Xintai Communications will become the company's holding subsidiary and will be included in the company's consolidated statements.