Shenzhen Smart City Technology Development Group Co. Ltd. signed a share transfer agreement to acquire 3.09% stake in Beijing E-Techstar Co.,Ltd. from Qian Sujin for approximately CNY 110 million.
May 08, 2022
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Shenzhen Smart City Technology Development Group Co. Ltd. signed a share transfer agreement to acquire 3.09% stake in Beijing E-Techstar Co.,Ltd. (SZSE:300513) from Qian Sujin for approximately CNY 110 million on May 6, 2022. As per the transaction, Shenzhen Smart City Technology Development Group Co. Ltd. will acquire 9,690,000 shares at CNY 11.03 per share. The transaction is subject to approval by State Administration for Market Regulation.
Beijing E-techstar Co Ltd is a China-based company mainly engaged in the provision of information technology services for the power grid companies. The Company provides solutions for intelligent control center, as well as the comprehensive monitoring and production process management solutions in smart grid related fields. The Company aims to achieve effective management for grid companies in aspects of transmission, substation, distribution, electricity and scheduling by information technology means, such as platform, visualization and interactive. The Company's main customers are distributed in energy, communications, government, finance, transportation and other industries. The Company mainly conducts its businesses in the domestic market.
Shenzhen Smart City Technology Development Group Co. Ltd. signed a share transfer agreement to acquire 3.09% stake in Beijing E-Techstar Co.,Ltd. from Qian Sujin for approximately CNY 110 million.