Huibo Yuntong to acquire 49% of Nanjing Jinxin at 621% premium in related-party deal
Huibo Yuntong Technology Co., Ltd. announced on September 21, 2026, a plan to acquire the remaining 49% equity in its subsidiary Nanjing Huibo Jinxin Technology from Bian Wenli for 54.7 million yuan in cash, making it a wholly owned unit. The deal values Nanjing Jinxin at approximately 112 million yuan, a 621% premium over its net assets of less than 16 million yuan. The seller increased her stake from 0.5% to 49% in July 2025, just over a year before the buyout. The acquisition is classified as a related-party transaction.
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Huibo Yuntong to buy 49% of unit at 621% premium; seller raised stake sharply last July
Huibo Yuntong (慧博云通) announced a plan to acquire the remaining 49% equity in its subsidiary Nanjing Huibo Jinxin Technology (南京金信) for 54.7 million yuan in cash, making it a wholly owned unit. The target's net assets were less than 16 million yuan as of June 2026, but an appraisal valued its total equity at 114 million yuan, a 621% premium. The seller, Bian Wenli, held only 0.5% of Nanjing Jinxin in January 2024 but raised her stake to 49% in July 2025, just 14 months before the buyout. The acquisition will add only about 4.56 million yuan in annual net profit based on the unit's three-year average profit commitment of 9.31 million yuan. Huibo Yuntong's revenue growth has outpaced profit growth since its 2022 IPO, and its accounts receivable hit a record 950 million yuan by mid-2026. The company's market cap was 16.06 billion yuan as of September 23, 2026. The article notes that the company did not disclose Nanjing Jinxin's receivables or cash flow, and questions remain about Bian Wenli's relationship with Huibo's management.
Read sourceHuibo Yuntong to Buy 49% Stake in Subsidiary at 621% Premium; Counterparty Increased Stake Sharply Last July
Huibo Yuntong (慧博云通), a Chinese IT services firm listed on the ChiNext board in October 2022, announced on September 21, 2026, a plan to acquire the remaining 49% equity in its subsidiary Nanjing Jinxin (南京金信) from Bian Wenli (卞雯丽) for 54.7 million yuan in cash. The deal values Nanjing Jinxin at approximately 112 million yuan, a 621% premium over its net asset value at the June 30, 2026 valuation date. The acquisition will make Nanjing Jinxin a wholly owned subsidiary. According to the article, the earnings boost to Huibo Yuntong is limited, adding an estimated 4.56 million yuan in annual net profit based on the subsidiary's three-year average profit commitment of 9.31 million yuan. The article highlights that Bian Wenli held only 0.5% of Nanjing Jinxin in January 2024 but increased her stake to 49% in July 2025, just over a year before the buyout. The reporter from National Business Daily (每日经济新闻) questions the transaction's pricing, the lack of disclosure on Nanjing Jinxin's receivables and cash flow, and whether Bian Wenli has undisclosed ties to Huibo Yuntong's management. Huibo Yuntong's stock closed at 39.80 yuan on September 23, 2026, giving it a market cap of 16.06 billion yuan.
Huibo Yuntong to Acquire Remaining 49% Stake in Nanjing Jinxin for 54.7 Million Yuan
On September 21, Huibo Yuntong Technology Co., Ltd. announced it will acquire the remaining 49% equity of Nanjing Huibo Jinxin Technology Co., Ltd. (Nanjing Jinxin) from Bian Wenli for a total consideration of 54.7 million yuan, payable in three annual installments through 2029. The transaction is classified as a related party deal but does not constitute a major asset restructuring and requires only board approval. Nanjing Jinxin reported net assets of 15.85 million yuan and net profit of 1.966 million yuan for the first half of 2026. The seller guarantees that Nanjing Jinxin's net profit after deducting non-recurring items will be no less than 7 million yuan in 2026, 9.1 million yuan in 2027, and 11.83 million yuan in 2028, or a cumulative total of at least 27.93 million yuan over three years. Huibo Yuntong stated the deal aligns with its strategic development and will not harm shareholder interests. The company's stock traded at 40.23 yuan per share as of September 22, down about 30% over the past year.
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HuiBo CloudCom (301316.SZ) to Acquire Remaining 49% Stake in Nanjing Jinxin for 54.7 Million Yuan
HuiBo CloudCom Technology Co., Ltd. (stock code: 301316.SZ) announced on September 21 that its fourth board of directors' 19th meeting approved a resolution to acquire the remaining 49% equity interest in its subsidiary Nanjing Huibo Jinxin Technology Co., Ltd. (Nanjing Jinxin) from shareholder Bian Wenli. The transaction is valued at 54.70 million yuan (approximately $7.5 million). Following the completion of the acquisition, HuiBo CloudCom's stake in Nanjing Jinxin will increase from 51% to 100%, making Nanjing Jinxin a wholly-owned subsidiary. The move consolidates HuiBo CloudCom's control over the subsidiary and is classified as a related-party transaction under Chinese securities regulations.
Read sourceHuibo Yuntong to Acquire Remaining 49% Stake in Subsidiary Nanjing Jinxin for 54.7 Million Yuan
Huibo Yuntong (301316) announced on September 21 that it plans to acquire the remaining 49% equity of its subsidiary Nanjing Huibo Jinxin Technology Co., Ltd. (Nanjing Jinxin) from Bian Wenli in a cash transaction totaling 54.7 million yuan. Following the acquisition, Huibo Yuntong's stake in Nanjing Jinxin will increase from 51% to 100%, making Nanjing Jinxin a wholly-owned subsidiary. The announcement was reported by People's Financial Information on September 21 and sourced from Stockstar Securities News.