# Oriental Material to acquire 51% stake in TD TECH for CNY 2.122B

Oriental Material Co., Ltd. (603110.SH) announced plans to acquire 51% of TD TECH HOLDING LIMITED from Nokia Solutions and Networks for CNY 2.122 billion. The acquisition will add wireless products, terminal products, and IoT products to Oriental Material's existing printing ink and adhesive business.

- Type: Acquisition
- Announced: 2023-04-10
- Where: China
- Value: $308.0M (2.12B CNY)
- Status: announced
- Products: industry wireless products, terminal products, IoT products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Nokia Solutions and Networks](https://endata.com/companies/31919.md) (partner)
- [Oriental Material](https://endata.com/companies/69631.md) (acquirer)
- [TD TECH HOLDING LIMITED](https://endata.com/companies/69632.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/907953.html), 2023-04-10: "本次收购TD TECH 51%股权将进一步提升公司核心竞争力，为公司实现中长期战略发展目标奠定基础。"

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