TDR-invested Xinwei Telecom made a successful RTO

Beijing Xinwei Telecom technology Co., LTD has successfully RTO on Shanghai Stock Exchange recently. It took over the shell of ZCTT (600485.SH). After the RTO, the listco’s latest market capitalization surged to over RMB110 billion. TDR Capital has invested over RMB300 million as one of the major corporate investors in the company.

Xinwei Telecom is China’s leading telecom company holding China’s only 4G ITU Standard with its self-developed 4G McWill technology. Its systems and products have been exported to more than 20 countries over the globe.
 

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