YLZ Information Technology Co., Ltd intends to acquire 6% stake in Fujian Xingmin Zhilian Technology Co., Ltd. from Fujian Nebulas Big Data Application Service Co., Ltd. for CNY 2.6 million.
July 29, 2021
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YLZ Information Technology Co., Ltd (SZSE:300096) intends to acquire additional 6% stake in Fujian Xingmin Zhilian Technology Co., Ltd. from Fujian Nebulas Big Data Application Service Co., Ltd. for CNY 2.6 million on July 30, 2021. YLZ Information Technology Co., Ltd signed an agreement to acquire additional 6% stake in Fujian Xingmin Zhilian Technology Co., Ltd. from Fujian Nebulas Big Data Application Service Co., Ltd. on September 17, 2021. The acquisition will be done through public listing. The consideration will be paid in cash. As of June 30, 2021, Fujian Xingmin Zhilian Technology Co., Ltd. has reported total assets of CNY 2.57 million, net assets of CNY 0.304 million, operating loss and net loss of of CNY 0.35 million. The Board of Directors of Yilianzhong Information Technology Co., Ltd. has approved the transaction and its shareholder's approval is not required.
YLZ Information Technology Co., Ltd is a China-based company principally engaged in the research, development, application and operation of people's livelihood industry application software. The Company primarily provides customer-tailored software and integrated circuits (ICs), technical services, system integration and hardware and other services. The Company also provides financing services. The Company operates its business in domestic market, with Fujian Province as its main market.
YLZ Information Technology Co., Ltd intends to acquire 6% stake in Fujian Xingmin Zhilian Technology Co., Ltd. from Fujian Nebulas Big Data Application Service Co., Ltd. for CNY 2.6 million.