Liaoning Guoke Industrial Co., Ltd. completed the acquisition of 29% stake in Bringspring Science and Technology Co., Ltd. from Cui Wantao and Fu Yanjie.
January 17, 2019
Share
Liaoning Guoke Industrial Co., Ltd. entered into an agreement to acquire 29% stake in Bringspring Science and Technology Co., Ltd. (SZSE:300290) from Cui Wantao and Fu Yanjie for approximately CNY 570 million on December 24, 2018. Under the terms of the transaction, Liaoning Guoke Industrial Co., Ltd. will acquire 98.2 million shares at CNY 5.81 per share. Cui Wantao and Fu Yanjie will transfer 49.1 million shares each representing 14.5% stake. Out of total consideration, CNY 25 million will be paid as guarantee amount and CNY 545 million will be paid before December 29, 2018. As of December 27, 2018, the guarantee amount of CNY 25 million has been paid. Since the transferred shares are under pledge, it has been agreed that Liaoning Guoke Industrial Co., Ltd. will make a borrowing of CNY 545 million to Cui Wantao and Fu Yanjie before December 29, 2018 to be used to liberate said pledge. After liberation, the shares will be pledged immediately to Liaoning Guoke Industrial Co., Ltd.
Liaoning Guoke Industrial Co., Ltd. completed the acquisition of 29% stake in Bringspring Science and Technology Co., Ltd. (SZSE:300290) from Cui Wantao and Fu Yanjie on January 18, 2019.
Bringspring Science and Technology Co Ltd is a China-based company mainly engaged in health data services and intelligent integrated cloud services. The Company operates two segments: Health Data Services Segment and Intelligent Fusion Cloud Services segment. The Health Data Services Segment mainly provides medical information software products and services. The Intelligent Fusion Cloud Services segment mainly provides customers in finance, education, medical treatment, government, energy, communication and other industries with dual state service support of the combination of value-added services, as well as solutions such as cloud selection, cloud access and cloud use.
Liaoning Guoke Industrial Co., Ltd. completed the acquisition of 29% stake in Bringspring Science and Technology Co., Ltd. from Cui Wantao and Fu Yanjie.