Li Jian completed the acquisition of additional 8% stake in Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. from Ruian Chuangxiang Network Technology Co., Ltd.
April 24, 2024
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Li Jian agreed to acquire additional 8% stake in Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. (SZSE:300025) from Ruian Chuangxiang Network Technology Co., Ltd. for CNY 240 million on February 1, 2024. The offer per share is CNY 5.87 for 40.7 million shares of Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. accounting for 8% of share capital. Within 30 working days after Shenzhen Stock Exchange confirms compliance, Li Jian shall pay the transfer price of CNY 71.67 million to Ruian Chuangxiang Network Technology Co., Ltd., and within 12 months after the completion of the delivery of the subject shares, the Li Jian shall pay the transferor a transfer price of CNY 167.23 million. If this transaction is finally completed, Ruian Chuangxiang Network Technology Co., Ltd will hold 15.82% of the company's shares, and Li Jian will hold 9.60% of Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. The transaction requires compliance confirmation by the Shenzhen Stock Exchange before the share transfer procedures can be handled at the Shenzhen Branch of China Securities Depository and Clearing Co., Ltd.
Li Jian completed the acquisition of additional 8% stake in Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. (SZSE:300025) from Ruian Chuangxiang Network Technology Co., Ltd. on April 25, 2024.
Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. is a China-based company principally engaged in the provision of mobile communication network technology services, as well as the research, development, manufacture and sale of related communication network products. The Companyâs products and services include network construction, network maintenance, network optimization and related communication network testing and optimization system tools and software products. The Company also provides Internet Data Center (IDC) and cloud computing services. The Company operates its business in domestic market, mainly in East China, North China, South China and Southwest China.
Li Jian completed the acquisition of additional 8% stake in Hangzhou Huaxing Chuangye Communication Technology Co., Ltd. from Ruian Chuangxiang Network Technology Co., Ltd.