# Shenzhen Desay Battery to acquire remaining 25% stake in Huizhou Blueway Electronics for CNY 170 million

Shenzhen Desay Battery Technology Co., Ltd. signed an equity transfer agreement to acquire the remaining 25% stake in Huizhou Blueway Electronics Co., Ltd. from Xinjiang Shangyang Equity Investment Co., Ltd. for approximately CNY 170 million on July 13, 2020.

- Type: Acquisition
- Announced: 2020-07-13
- Where: China
- Value: $24.3M (170.0M CNY)
- Status: announced
- Products: battery technology, electronics
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shenzhen Desay Battery Technology Co., Ltd.](https://endata.com/companies/48529.md) (acquirer)
- [Huizhou Blueway Electronics Co., Ltd.](https://endata.com/companies/48530.md) (target)
- [Xinjiang Shangyang Equity Investment Co., Ltd.](https://endata.com/companies/48531.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SHENZHEN-DESAY-BATTERY-TE-9059430/news/Shenzhen-Desay-Battery-Technology-Co-Ltd-signed-the-equity-transfer-agreement-to-acquire-remainin-33787915/), 2020-07-13: "Shenzhen Desay Battery Technology Co., Ltd. signed the equity transfer agreement to acquire remaining 25% stake in Huizhou Blueway Electronics Co.,LTD. from Xinjiang Shangyang Equity Investment Co., Ltd. for approximately CNY 170 million on July 13, 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.