Oppo Optronics reorganization approval is a good news

Is the questioner asking ""Is the approval of Oppo Optronics' reorganization a good news?"?" . The news is a favorable news. The reorganization of AOP Optoelectronics is conducive to improving the quality of the company's assets and profitability, which is conducive to enhancing the company's market competitiveness and is in line with the company's long-term development strategy and the interests of all shareholders. Oppo Optoelectronics announced on the evening of April 10, 2023, that the company's issuance of shares and payment of cash to purchase assets and raise matching funds and related transactions have been registered by China ****. The company will, after the completion of this reorganization, on the basis of maintaining the independence of the listed company of the spun-off assets, give full play to the core competitive advantages of the subject company in the field of optics, realize the resources *** enjoyment, complement each other's strengths, and build an optical industry platform with international first-class competitiveness. Oppo Optoelectronics is the defense industry, is to do military electronics. The main business of AOP Optoelectronics are: photoelectric measurement and control instrumentation, new medical instruments, optical materials and grating encoders and other products, research and development, production and sales.