Source: ETtoday
The magnetic effect of the mainland stock market continued to ferment. On December 12, Yongfengyu convened an interim board of directors to prepare for listing on the mainland through the subsidiary Yongdao Radio Frequency Label Co., Ltd., and held a shareholders' meeting on February 1, 2019 to discuss this. In the case of the first quarter of next year, the application is expected to become the golden rooster of Yongfeng Yu in the future.
Yong Guoyu spokesperson Yin Guotang said that Yongdao has been deeply cultivated in the mainland for more than 10 years. No matter the operation, customers and supply chain are concentrated in mainland production, the main business of radio frequency tag (RFID) production exceeds 80%. Considering the growth of market opportunities, maintaining leading edge, and expanding investment in new capacity, it is planned to apply for listing locally.
It is understood that Yongdao will release the shares in two stages, releasing 5% and 8.49% respectively, and introducing external investors. By then, Yongfengyu's shareholding ratio to Yongdao will drop to 86.51%. After the resolution was passed, Yongdao intends to restructure it into a company limited by shares. The investors were introduced to Granadilla Limited, Yangzhou Dicheng Trading Co., Ltd., Fulakai Consulting (Shanghai) Co., Ltd. and Yangzhou Fengqi Business Consulting Co., Ltd.
Yongdao officially put into operation in 2007, with an annual production capacity of 3 billion pieces. The main business items are software and hardware design, R&D, manufacturing and after-sales service of wireless RFID tags and related intelligent systems, applied to new retail, transportation and tickets. In the field of card management and logistics management, it is now the world's largest manufacturer of RFID ODMs. Yongfeng Yu acquired equity in May 2010 and is a subsidiary of the company.
With the growing use of IoT applications, RFID has obvious advantages in terms of readability, speed, data volume, accuracy and sensing distance. Yongfeng Yu believes that in the face of increasing global brand and retail demand, RFID will link more data processing services to track consumer and supply chain behavior patterns, and in the future will integrate services such as deep learning and artificial intelligence. An important infrastructure for entities and cloud value-added services.
Editor in charge: Cao Yu
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