Betaville Intelligence

RARE ALERT: Telit Communications said to ... - part 6

Friday, 22 June 2018, 9:09 am

The mysterious Chinese company that has built a sizeable shareholding in Telit Communications has increased its stake in the business, raising speculation it is getting closer to making an offer for some or all of the business.

This morning Run Liang Tai Management disclosed it has increased its stake to 15.2pc from 14pc on the UK's regulatory news service.

The share purchase comes as China-based Sunsea Telecommunications, in which Run Liang Tai Management has a stake, has moved to rebrand itself as an Internet of Things provider...

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