CCSC Technology (CCTG) to issue 6.33M shares for smart manufacturing software
Rhea-AI Filing Summary
CCSC Technology International Holdings Limited entered a smart manufacturing platform technology purchase agreement with Asia Resource Holdings Limited. The company will acquire all rights to software for connectors, cables, wire harnesses, and related precision assembly businesses in exchange for 6,333,333 Class A ordinary shares valued at US$3,800,000, or US$0.60 per share.
The seller assigned its right to receive the consideration shares to ten assignees, and the shares will be issued on dates agreed by the parties, subject to the seller satisfying its obligations under the agreement. The board approved the transaction on April 28, 2026, and this report is incorporated by reference into the company’s Form F-3 registration statement.
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Insights
CCSC is acquiring smart manufacturing software using stock as payment.
CCSC Technology agreed to buy a smart manufacturing software platform by issuing 6,333,333 Class A ordinary shares valued at US$3,800,000. This is a non-cash consideration structure, shifting value via equity instead of cash and potentially expanding the company’s technology capabilities.
The consideration shares go to ten assignees of Asia Resource Holdings Limited and will be issued only after the seller fulfills its obligations, which stages the equity issuance. The transaction was approved by the board on April 28, 2026 and is incorporated into the existing Form F-3 shelf, aligning it with previously registered securities.
Key Figures
Key Terms
Technology Purchase Agreement financial
Deed of Assignment financial
Notice of Assignment financial
Form F-3 regulatory
foreign private issuer regulatory
FAQ
What technology is CCSC Technology International (CCTG) acquiring in this agreement?
How much is CCSC Technology (CCTG) paying for the smart manufacturing software?
Who approved CCSC Technology’s (CCTG) smart manufacturing software acquisition?
When was CCSC Technology’s (CCTG) technology purchase agreement signed?
How does this CCSC Technology (CCTG) deal relate to its Form F-3 registration?
AI-generated analysis. How Rhea-AI works. Not financial advice.