BeiJing StarNeto Technology Co.,Ltd. signed an equity transfer agreement to acquire 15% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Xinghua Zhilian Investment Fund managed by Beijing Yitang United Investment Management Co., Ltd. for CNY 49.5 million.
April 22, 2021
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BeiJing StarNeto Technology Co.,Ltd. (SZSE:002829) signed an equity transfer agreement to acquire 15% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Xinghua Zhilian Investment Fund managed by Beijing Yitang United Investment Management Co., Ltd. for CNY 49.5 million on April 22, 2021. As per the terms of the transaction, BeiJing StarNeto Technology Co.,Ltd. shall pay Beijing Yitang United Investment CNY 9.9 million within 10 days of the effective date of this agreement and CNY 39.6 million within 30 days of closing. In a related transaction, BeiJing StarNeto Technology Co.,Ltd. (SZSE:002829) signed an equity transfer agreement to acquire 32.02% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Jianyi Linghang Technology Center (Limited Partnership) for approximately CNY 110 million. As a result of both the transactions, Beijing Jianyi Technology Co., Ltd. will become a wholly-owned subsidiary of BeiJing StarNeto Technology Co.,Ltd. As of March 31, 2021, Beijing Jianyi had total common equity of CNY 71.2 million and total assets of CNY 183 million.
BeiJing StarNeto Technology Co Ltd is a China-based company mainly engaged in system integration, emergency communications and integrated platform businesses. The Company's products mainly include inertial navigation products, satellite communication products, photoelectric/radar detection products, offshore equipment, drone products and unmanned vehicle products. Its products are mainly used in aviation, aerospace, navigation, electronics, petroleum, surveying and mapping, transportation and communications fields. The Company mainly conducts its businesses within domestic market.
BeiJing StarNeto Technology Co.,Ltd. signed an equity transfer agreement to acquire 15% stake in Beijing Jianyi Technology Co., Ltd. from Beijing Xinghua Zhilian Investment Fund managed by Beijing Yitang United Investment Management Co., Ltd. for CNY 49.5 million.