In April 16th, the United States and Shenzhen Saida Yongtai Technology

Yongtai technology, April 16 evening announcement, quasi capital increase agreement signed with Shenzhen Saida Technology Co., Ltd. and its shareholders, to 2.03 million yuan of its own funds, to the United States Saida capital. After the capital increase, the company will hold 20% stake in AOL, and then enter the field of vehicle networking. Previously, Yongtai technology is a professional R & D, production of fluorinated fine chemicals of national torch key high-tech enterprises.

AOL was founded in 2005 April, with the vehicle navigation scheme was started, China big core board navigation solution provider. In early 2010, the company began to gradually transition car networking business and extend to the downstream industry chain. Due to the large-scale fixed assets and the costs of research and development investment, beauty Saida financial results for the last two consecutive years of losses, but a recent improvement.

Yongtai technology, said the capital beauty Saida and from traditional manufacturing to high technology industries extension, is conducive to the realization of the industrial scale and layout of the company growing by leaps and bounds, forming with complementary business portfolio, optimize industrial structure, enhance the sustainable profitability of the company and company's future moderately diversified business development of the extension of the accumulation of operating experience.

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