Zwsoft Co.,Ltd. completed the acquisition of 14.77% stake in Beijing Bochao Shidai Software Co., Ltd.
June 06, 2024
Share
Zwsoft Co.,Ltd. (SHSE:688083) agreed to acquire 14.77% stake in Beijing Bochao Shidai Software Co., Ltd. on April 16, 2024. This transaction has been reviewed and approved at the second meeting of the company's sixth board of directors on April 16, 2024. The deal has been approved by shareholders of Zwsoft Co.,Ltd. Zwsoft planned to use their own funds of CNY 53 million to acquire a total of 35.34% of Beijing Bochao?s equity through multiple agreements. Beijing Bochao Shidai Software Co., Ltd. reported Total revenue of CNY 108.9 million, Total assets worth CNY 114.4 million, Total common equity of CNY 11.4 million and Net income of CNY 0.51 million on December 31, 2023. Transaction has already been approved by Zwsoft's board of director's.
Zwsoft Co.,Ltd. (SHSE:688083) completed the acquisition of 14.77% stake in Beijing Bochao Shidai Software Co., Ltd. on June 7, 2024.
ZWSOFT Co Ltd Guangzhou is a China-based company mainly engaged in the supply of industrial software for research, development (R&D) and design. The Company is mainly engaged in the research and development, promotion and sales of industrial software for R&D and design such as computer aided design (CAD), computer-aided manufacturing (CAM), and computer aided engineering (CAE). The Company provides standard general software, outsourced software and hardware, and customized software development, including 2D CAD and 3D CAD as the main product series and technical services. The Company's products are mainly used in manufacturing, engineering construction and education fields such as machinery, electronics, automobiles, construction, transportation and energy. The Company conducts business in the domestic and foreign markets.