Optowide Technologies to Invest 35 Million Yuan in Augmented Reality Optics Subsidiary
Optowide Technologies (SHA:688195) plans to invest 35 million yuan to establish a wholly-owned subsidiary in Kunshan to consolidate its augmented reality consumer optics business. TGC Vision Technology Kunshan will set up branches in Nanjing and Fuzhou, taking over the parent company's existing augmented reality-related assets, business and personnel, according to a Friday filing with the Shanghai bourse. Shares of the precision optics and fiber components manufacturer declined 2% in recent trade.
Optowide Technologies (SHA:688195) plans to invest 35 million yuan to establish a wholly-owned subsidiary in Kunshan to consolidate its augmented reality consumer optics business.
TGC Vision Technology Kunshan will set up branches in Nanjing and Fuzhou, taking over the parent company's existing augmented reality-related assets, business and personnel, according to a Friday filing with the Shanghai bourse.
Shares of the precision optics and fiber components manufacturer declined 2% in recent trade.