Fibocom Wireless said on 21 October 2026 that it had completed its purchase of 37.16% of Shenzhen Hangsheng Electronics for RMB1,427.99m in cash, taking control of the automotive electronics company.
Deal terms and financing
The price values Hangsheng at about RMB3.84bn. Fibocom has paid 20%, or RMB285.6m, with the balance due within five business days of the full share delivery. An acting-in-concert agreement gives Fibocom control of the company's voting rights.
Regulatory approvals and timing
Shareholders approved the deal on 14 October 2026 and the shares were transferred on 16 October.
Market context
The deal was first announced in June 2026.
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