GRG Banking Equipment Co. Ltd. (SZSE:002152) agreed to acquire 46% stake in Beijing CTJ Information Technology Co., Ltd. from a group of sellers for approximately CNY 310 million on February 8, 2018. GRG Banking Equipment Co. Ltd. will acquire 37.26 million shares. GRG Banking Equipment Co. Ltd. will use own funds for the acquisition. For the year ended December 31, 2017, Beijing CTJ Information Technology Co., Ltd. reported total assets of CNY 378.32 million, revenues of CNY 260.92 million, net income of CNY 40.75 million, and net assets of CNY 193.63 million. Board of Directors of GRG Banking Equipment Co. Ltd. approved the transaction on February 8, 2018.

GRG Banking Equipment Co. Ltd. (SZSE:002152) completed the acquisition of 46% stake in Beijing CTJ Information Technology Co., Ltd. from a group of sellers on March 29, 2018.