Zhuhai Xingge Capital Investment Co., Ltd. completed the acquisition of Zhuhai Jinte Technology Co., Ltd. from Zhuhai Orbita Aerospace Science & Technology Co., Ltd..
December 20, 2020
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Zhuhai Xingge Capital Investment Co., Ltd. agreed to acquire Zhuhai Jinte Technology Co., Ltd. from Zhuhai Orbita Aerospace Science & Technology Co., Ltd. (SZSE:300053) for CNY 99.2 million on November 30, 2020. On December 17, 2020, a contract is signed. On December 17, 2020, CNY 49.6 million is also paid. As of February 8, 2021, Zhuhai Orbita Aerospace Science & Technology received CNY 44.6 million of the transfer price. As of December 31, 2019, Zhuhai Jinte Technology reported total assets of CNY 285.25 million, net assets of CNY 47.58 million, nil revenues, operating loss of CNY 1.88 million and net loss of CNY 1.42 million. The deal is subject to approval from Board and shareholders of all the companies, High-tech Management Committee, Zhuhai Branch of Industrial Bank agreeing in written etc. The transaction was reviewed and approved by the board of directors of Zhuhai Orbita Aerospace Science & Technology at the fourth meeting of the fifth board of directors and the fourth meeting of the fifth board held on November 30, 2020. The transaction was approved by Zhuhai High-tech Industrial Development Zone Management Committee and Zhuhai High-tech Zone Investment Promotion Center. On December 16, 2020, the shareholders of Zhuhai Orbita approved the deal. As of December 21, 2020, the transaction was approved by the Market Supervision Administration of Zhuhai.The deal is expected to close on December 31, 2020.
Zhuhai Xingge Capital Investment Co., Ltd. completed the acquisition of Zhuhai Jinte Technology Co., Ltd. from Zhuhai Orbita Aerospace Science & Technology Co., Ltd. (SZSE:300053) on December 21, 2020.
Zhuhai Aerospace Microchips Science & Technology Co Ltd, formerly Zhuhai Orbita Aerospace Science & Technology Co Ltd, is a China-based company mainly engaged in the research and development, production, testing, and sales of aerospace electronic products. The Company operates three business segments. Aerospace Electronics segment mainly provides embedded system on chip (SoC) products, session initiation protocol (SIP) modules/systems, and system integration products. Satellite constellation and Satellite Data segment are engaged in surveying and mapping engineering, pipeline detection, and geographic information system development and construction, as well as Big data center system integration and Big data center operation services. Artificial Intelligence segment is mainly engaged in the research and development of face recognition and intelligent image Analysis of algorithms technologies and solutions.