Beijing Navigation Control Technology Co.,Ltd. cancelled the acquisition of 51% stake in Chongqing Aerospace New Century Satellite Application Technology Co. Ltd. from Hainan Yimai Technology Co., Ltd., Chongqing Huapuce Navigation Technology Co., Ltd., Chongqing Century Ruida Technology Co., Ltd. and Chongqing Xuanquan Technology Partnership Enterprise (Limited Partnership).
October 24, 2023
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Beijing Navigation Control Technology Co.,Ltd. (SHSE:688282) signed the acquisition intent agreement to acquire 51% stake in Chongqing Aerospace New Century Satellite Application Technology Co. Ltd. from Hainan Yimai Technology Co., Ltd., Chongqing Huapuce Navigation Technology Co., Ltd., Chongqing Century Ruida Technology Co., Ltd. and Chongqing Xuanquan Technology Partnership Enterprise (Limited Partnership) on September 6, 2023.
Beijing Navigation Control Technology Co.,Ltd. (SHSE:688282) cancelled the acquisition of 51% stake in Chongqing Aerospace New Century Satellite Application Technology Co. Ltd. from Hainan Yimai Technology Co., Ltd., Chongqing Huapuce Navigation Technology Co., Ltd., Chongqing Century Ruida Technology Co., Ltd. and Chongqing Xuanquan Technology Partnership Enterprise (Limited Partnership) on October 25, 2023.
Beijing Navigation Control Technology Co Ltd is a China-based company mainly engaged in the development of navigation technology. The Company is mainly engaged in the development of medium and high-precision inertial navigation, precision guidance and control technology, as well as the research and development, production and sales of inertial navigation systems and their core components. The Company's main products include inertial navigation systems, core components of inertial navigation systems, other components and technical services. The Company's products are used in weapons and equipment such as long-range guided munitions, civil unmanned aerial vehicles, autonomous driving, energy surveying, mapping and other fields. The Company mainly conducts its businesses in the domestic market.
BEIJING NAVIGATION CONTROL TECHNOLOGY CO.,LTD. 
