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Far East Cable

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  1. 2026

    Far East Smarter Energy's subsidiary to acquire 80% of Fudewangwang for RMB 216 million

    Far East Smarter Energy announced that its subsidiary Far East Electric plans to acquire an 80% equity stake in Huizhou Fudewangwang Industrial Development Co., Ltd. for RMB 216 million in cash, after which Fudewangwang will become a controlled subsidiary. Fudewangwang makes liquid-cooling heat-dissipation core components such as cold plates and manifolds, and the sellers committed to cumulative net profit of at least RMB 90 million for 2026-2028.