Bo-Tech Automotive (02889.HK) plans to join hands with Ping An Capital to acquire a photoelectric chip company and extend the industry chain upstream to chip manufacturing.

Zhtng Cijng APP News, Borgward Vehicle Network (02889.HK) announced that on June 2, 2026 (after trading hours), the company (Buyer 1), Ping An Capital Limited (Ping An Capital) or its managed funds (Buyer 2, collectively referred to as "Buyer"), the controlling shareholder and shareholders of the target company (Seller) and the target company have entered into a memorandum of understanding regarding the Buyer's proposed cash acquisition of the target company's shares held by the Seller in order to acquire controlling ownership and control of the target company.