[XGNews]: Tianyin holdings plans to acquire a mobile phone brand. It is said that it is contacting Tianlong technology

The following is the [XGNews]: Tianyin holdings plans to acquire a mobile phone brand. It is said that it is contacting Tianlong technology recommended by xgapn.com.

According to the first financial report, on the evening of September 10, Tianyin holdings announced that it plans to participate in the joint acquisition of a mobile phone brand business, and the acquisition scope is planned to involve brand trademark, R & D and supply chain.

Now, according to people familiar with the matter, the most likely acquirer is Tianlong technology, which mainly faces the overseas mobile phone market.

The announcement shows that the stock transfer price of Tianlong technology has reached the increase limit for several consecutive transfer days. Tianlong technology announced on September 2 that the company’s stock transfer mode will be changed to five times a week from September 3.

People familiar with the matter also said that Tianyin holdings is currently contacting Tianlong technology and plans to use the latter channel to output relevant mobile phone brands and obtain 5g chips.

However, the latest announcement said that the acquisition is currently in the initial negotiation and planning stage, and no letter of intent or relevant transaction agreement has been signed with the counterparty on this matter.

It home learned that according to the official website, Tianlong mobile was established in June 2005 and mainly engaged in ODM tob business. In the early stage, Tianlong established cooperative relations with local young national brands in nearly 20 countries around the world to provide complete product planning, design, manufacturing and market services.

Tianyin holdings was listed on Shenzhen Stock Exchange on December 2, 1997. After major asset restructuring in 2003, its main business was changed to communication product marketing service and mobile Internet business. At present, it has become a company integrating Internet marketing, mobile Internet, mobile communication, lottery and other businesses.

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