Capitalonline Data Service Co., Ltd. agree to acquire remaining 49% stake in Beijing Zhongrui Yunxiang Information Technology Development Co., Ltd from Gongqingcheng Zhiyue Investment Partnership (Limited Partnership) for approximately CNY 130 million
January 05, 2021
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Capitalonline Data Service Co., Ltd. (SZSE:300846) agree to acquire remaining 49% stake in Beijing Zhongrui Yunxiang Information Technology Development Co., Ltd from Gongqingcheng Zhiyue Investment Partnership (Limited Partnership) for approximately CNY 130 million on January 4, 2021. Under the terms of transaction, Capitalonline Data Service will pay consideration in two phases that is 51% of the price will be paid in the first phase while 49% will be paid in the second phase. The first payment will be made before June 30, 2021 while the second payment will be made before October 31, 2021. As of September 30, 2020, the Beijing Zhongrui Yunxiang Information Technology Development had total and net assets as CNY 50.8 million and CNY 28.4 milion. For year ended December 31, 2019, the Beijing Zhongrui Yunxiang Information Technology Development had total revenue and total profit as CNY 56. 1 million and CNY 8.2 million respectively. On January 4, 2021, Capitalonline Data approved the transaction.
Capitalonline Data Service Co Ltd is a China-based company mainly engaged in the provision of global cloud network integration solutions. The Company mainly operates three segments. The Internet Data Center (IDC) Service segment provides customers with leased space and bandwidth, equipment installation and maintenance. It also provides transmission lines. The Cloud Service segment provides cloud hosting services. The Other Services segments mainly provide value-added services, equipment sales and agency advertising services. The Company mainly serves customers in industrials such as games, e-commerce, video, education, big data and others.
Capitalonline Data Service Co., Ltd. agree to acquire remaining 49% stake in Beijing Zhongrui Yunxiang Information Technology Development Co., Ltd from Gongqingcheng Zhiyue Investment Partnership (Limited Partnership) for approximately CNY 130 million