Wire flash
Huibo Cloud to acquire remaining 49% stake in Nanjing Jinxin for 54.7 mln yuan, making it wholly owned
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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.
Source report
Beijing, September 21 — Huibo Yuntong (301316) announced on September 21 that it intends to acquire a 49% equity interest in Nanjing Huibo Jinxin Technology Co., Ltd. (“Nanjing Jinxin”) from Bian Wenli in cash, with a total transaction consideration of RMB 54.7 million.
Upon completion of the transaction, Huibo Yuntong’s shareholding in Nanjing Jinxin will increase from 51% to 100%, making Nanjing Jinxin a wholly-owned subsidiary of the company.
Source
证券之星-证券要闻Eastern
Part of this Story
Huibo Yuntong to acquire 49% of Nanjing Jinxin at 621% premium in related-party deal