United Electronics Co., Ltd. completed the acquisition of Xian Smartcloud Information Technology Co., Ltd. from Sun Rui, Wang Xiaoyan, Zhao Lei, Li Xuning, Ji Xianzhong, and Niu Yonggang.
Board of Directors of United Electronics Co., Ltd. approved the transaction on December 13, 2013. Sun Rui, Wang Xiaoyan, Zhao Lei, Li Xuning, Ji Xianzhong, and Niu Yonggang will use the balance of equity transfer price amounting to CNY 11.64 million to acquire publicly offered shares of United Electronics Co., Ltd. On January 2, 2014, the company paid its first installment of equity transfer price amounting to CNY 9.8 million to its transferor.
United Electronics Co., Ltd. (SZSE:002642) completed the acquisition of Xi'an Smartcloud Information Technology Co., Ltd. from Sun Rui, Wang Xiaoyan, Zhao Lei, Li Xuning, Ji Xianzhong, and Niu Yonggang on January 6, 2014. Xi'an Smartcloud Information Technology wholly owned subsidiary of Xi'an Smartcloud Information Technology. On January 15, 2014, United Electronics Co., Ltd. paid the second installment of equity transfer price amounting to CNY 12 million to its transferor.