Jingshen Technology Holdings Co., Ltd. completed the acquisition of Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd..
August 11, 2023
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Jingshen (Shenzhen) Technology Holdings Co., Ltd. entered into an agreement to acquire Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) for CNY 680 million on November 25, 2022. For the period ended September 30, 2022, Total Assets were of CNY 863 million and Owner's Equity was of CNY 637 million. As of July 1, 2023, Jingshen (Shenzhen) Technology paid CNY 580 million and completed the completed the corresponding industrial and commercial changes for 97.5% stake. Dr. Peng Telecom & Media still owns 2.5% stake in Shenzhen Dr. Peng and the transfer has not yet been completed as well as the remaining payment of CNY 100 million is also not completed.
Jingshen (Shenzhen) Technology Holdings Co., Ltd. completed the acquisition of Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) on August 12, 2023.
Dr.Peng Telecom & Media Group Co Ltd is a China-based company principally engaged in the provision of Internet access and value-added services. The Company operates through four segments. The Smart Cloud Network Business segment focuses on the digital transformation market of small and medium-sized enterprises, providing them with a one-stack solution of Cloud + Network + Application + Service. The Data Center Business segment provides data center services. The Home Broadband and Value-added Business segment provides related Internet access services to households and government enterprises. The Industrial Internet and Digital Economy Industrial Park Business segment provides industrial Internet architecture solutions for traditional enterprises. The Company conducts its businesses in domestic market and overseas markets.
Jingshen Technology Holdings Co., Ltd. completed the acquisition of Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd..