Invengo Information Technology Co LtdInvengo signed a letter of intent to acquire 100% of Guangtai Communications, a cross-sector M&A move with stated uncertainty over whether a final deal will be reached.

Invengo announced on the evening of September 10 that it has signed a Letter of Intent for Equity Investment with Shenzhen Guangtai Communication Equipment Co., Ltd. and its shareholders, planning to acquire 100% equity of Guangtai Communications. The funding will come from the company's own funds and/or self-raised funds. Upon completion, Guangtai Communications will become a wholly-owned subsidiary and be consolidated into Invengo's financial statements. Invengo's main business is IoT industry application products and solutions centered on RFID technology, while Guangtai Communications focuses on the research, development, production, and sales of automation equipment for optical communication device modules, mainly providing automated coupling equipment, test instruments, and automated testing solutions. The company stated that this acquisition is based on strategic development needs and industry opportunities, aiming to expand new business breakthroughs and development directions, and to obtain long-term strategic synergy value. The company also cautioned that the letter of intent is only a preliminary intention, and all parties still need to further negotiate whether to sign a formal acquisition agreement based on the results of due diligence, auditing, and evaluation, so there is still uncertainty as to whether a final deal can be reached. In terms of performance, Invengo achieved revenue of 603 million yuan in 2025, up 10.51 percent year on year, with net profit attributable to the parent company of 15.4 million yuan, down 44.72 percent year on year. In the first half of 2026, revenue was 249 million yuan, down 11.34 percent year on year, and net profit attributable to the parent company was negative 95.81 million yuan, compared with 71.92 million yuan in the same period last year.
Invengo Information Technology Co LtdInvengo signed a letter of intent to acquire 100% of Guangtai Communications, a cross-sector M&A move with stated uncertainty over whether a final deal will be reached.
Guangtai Communications is the acquisition target in Invengo's non-binding letter of intent, so its fate depends on due diligence and a formal agreement that may not materialize.