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Teapo told that Kaimei has brand awareness and technology on the products and owns large aluminum capacitor market and Japanese OEM market, which can be a good aid for Teapo’s products, customers and markets. In addition, the cooperation between the two companies has been more than 2 years with good results. Therefore, both companies decided to step into next stage and merge.
Teapo began to invest in Kaimei in June 2015 and won half of the seats in June 2016. For now, Teapo holds about 43% of Kaimei's equity.
At present, Kaimei’s subsidiary includes Bothhand, its investee company Tong Hsing Electronic and others. Teapo said that after the merger, the company will focus on three major trends which are 5G, automobile and IoT.
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