AAC Technologies Holdings Buys Back Stake in AAC Optics

MT Newswires Live07-26

AAC Technologies Holdings (HKG:2018) subsidiary AAC (China) Investment purchased shares in AAC Optics held by Shenzhen Huiyou Haochuang Technology Investment Partnership and Nanjing Huarui Ruijun Entrepreneurship Investment Center, according to a Friday filing with the Hong Kong Stock Exchange.

AAC Investment will purchase Shenzhen Huiyou's 60,176,387 shares in AAC Optics for 149 million yuan and buy Nanjing Huarui's 35,102,892 shares in AAC Optics for 87 million yuan, the filing said.

Shenzhen Huiyou and AAC Optics will no longer hold shares in AAC Optioncs, the filing said.

AAC Technologies shares closed nearly 2% lower on Friday.

Price (HKD): $28.85, Change: $-0.45, Percent Change: -1.54%

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