China Transinfo Technology Co., Ltd. completed the acquisition of an additional 10% stake in Beijing Innovation Center for Mobility Intelligent Co., Ltd. from Leshi Automobile Co., Ltd.
January 25, 2020
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China Transinfo Technology Co., Ltd. (SZSE:002373) plans to acquire an additional 10% stake in Beijing Innovation Center for Mobility Intelligent Co., Ltd. from Leshi Automobile (Beijing) Co., Ltd. for CNY 0 on January 26, 2019. As per the terms of the transaction, China Transinfo Technology will undertake CNY 6 million investment obligations and will hold 40% stake in Beijing Innovation Center for Mobility Intelligent Co., Ltd. As of September 30, 2018, Beijing Innovation Center for Mobility Intelligent Co., Ltd. reported total assets of CNY 80.1 million and net assets of CNY 50.8 million. The transaction has been approved at 21st Meeting of 4th Directorate of China Transinfo Technology Co., Ltd. and does not need the shareholders’ approval.
China Transinfo Technology Co., Ltd. (SZSE:002373) completed the acquisition of an additional 10% stake in Beijing Innovation Center for Mobility Intelligent Co., Ltd. from Leshi Automobile (Beijing) Co., Ltd. on January 26, 2020.
China TransInfo Technology Co., Ltd is a China-based intelligent transport operation services provider. The Company's main business includes system integration, technology development and services, product distribution as well as construction contracts, which mainly serves for urban transport, road traffic, rail transportation and civil aviation industries. The Company mainly operates its businesses in domestic markets.
China Transinfo Technology Co., Ltd. completed the acquisition of an additional 10% stake in Beijing Innovation Center for Mobility Intelligent Co., Ltd. from Leshi Automobile Co., Ltd.