Zwsoft Co.,Ltd. completed the acquisition of 9.0412% stake in Beijing Bochao Shidai Software Co., Ltd. from Xiao Zhou.
August 03, 2023
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Zwsoft Co.,Ltd. (SHSE:688083) agreed to acquire a 9.0412% stake in Beijing Bochao Shidai Software Co., Ltd. from Xiao Zhou for CNY 23 million on April 27, 2023. In a related transaction, Zwsoft Co.,Ltd. agreed to acquire a 51% stake in Beijing Bochao Shidai Software Co., Ltd. from Guangzhou Tuoou Information Technology Co., Ltd. for CNY 130 million and 4.6214% stake in Beijing Bochao Shidai Software Co., Ltd. from Lin Fei for CNY 11.8 million. Zwsoft Co.,Ltd. will use it own funds for the acquisition. Transaction has been approved by Zwsoft Co's board. For the period ended December 31, 2022, Beijing Bochao had CNY -27.84 million, CNY 101.14 million of operating income, CNY 56.12 million of Net assets and CNY 150.48 million of Total assets.
Zwsoft Co.,Ltd. (SHSE:688083) completed the acquisition of 9.0412% stake in Beijing Bochao Shidai Software Co., Ltd. from Xiao Zhou on August 4, 2023.
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.