Beijing TRS Information Technology Co., Ltd. completed the acquisition of an additional 35.43% stake in Guangzhou Keyun Big Data Technology Co., Ltd. from Jiang Nan, Song Gang, Wang Yaqiang and Li Chunbao.
November 14, 2018
Share
Beijing TRS Information Technology Co., Ltd. (SZSE:300229) signed the agreement to acquire an additional 35.43% stake in Guangzhou Keyun Big Data Technology Co., Ltd. from Jiang Nan, Song Gang, Wang Yaqiang and Li Chunbao for CNY 52.6 million on August 27, 2018. Beijing TRS Information Technology Co., Ltd. will issue 5.1 million shares as consideration. Jiang Nan will receive 1.87 million shares as consideration, Song Gang will receive 1.5 million shares as consideration, Wang Yaqiang and Li Chunbao will receive 0.86 million shares each as consideration. Prior to the transaction, Beijing TRS Information Technology Co., Ltd. held 51% stake in Guangzhou Keyun Big Data Technology Co., Ltd. After the transaction, Beijing TRS Information Technology Co., Ltd. will own 86.43% stake in Guangzhou Keyun Big Data Technology Co., Ltd. In a related transaction, Beijing TRS Information Technology Co., Ltd. will issue shares to raise CNY 63.78 million.
Guangzhou Keyun Big Data Technology Co., Ltd. reported total assets of CNY 62.94 million and owners’ equity of CNY 49.73 million as at December 31, 2017. Guangzhou Keyun Big Data Technology Co., Ltd. reported revenues of CNY 62.85 million, operating profit of CNY 10.57 million and net profit of CNY 10.23 million in 2017. The transaction is subject to approval of shareholders of Beijing TRS Information Technology Co., Ltd. and approval of China Securities Regulatory Commission. The Board of Directors of Beijing TRS Information Technology Co., Ltd. approved the transaction on August 27, 2018. In August 2018, Guangzhou Keyun Big Data Technology Co., Ltd. shareholders’ meeting approved the transaction. As of September 18, 2018, the shareholders of Beijing TRS Information Technology. As of October 18, 2018, China Securities Regulatory Commission has approved the transaction. As of October 31, 2018, China Securities Regulatory Commission approved Beijing TRS Information to issue supporting funds for proceeds not exceeding CNY 48 million.
Dong Junfeng and Huang Yaying of HUAXI Securities Co., Ltd. (SZSE:002926) acted as the financial advisors, Chen Huiyan and Meng Wei of Tian Yuan Law Firm acted as the legal advisors and Cai Xiaoli and An Xing of BDO China Shu Lun Pan Certified Public Accountants acted as the accountants to Beijing TRS Information Technology Co., Ltd.
Beijing TRS Information Technology Co., Ltd. (SZSE:300229) completed the acquisition of an additional 35.43% stake in Guangzhou Keyun Big Data Technology Co., Ltd. from Jiang Nan, Song Gang, Wang Yaqiang and Li Chunbao on November 15, 2018.
TRS Information Technology Co Ltd, formerly Beijing TRS Information Technology Co Ltd, is a China-based company mainly engaged in providing artificial intelligence, big data and data security products and services. The Company's services and products mainly include software products, big data services and subscription-based data as a service (SaaS). The software products include Haizi big data collection platform, Haiju data fusion platform, Haibei search database, Tianjiao data middle platform, Zhituo artificial intelligence technology platform, Haiyun intensive intelligent portal platform, Hairong intelligent media integration platform, and others. The open source data collected by big data services are processed and transformed into knowledge data in different fields through different professional models, realizing the realization of data assets from resource to business.
Beijing TRS Information Technology Co., Ltd. completed the acquisition of an additional 35.43% stake in Guangzhou Keyun Big Data Technology Co., Ltd. from Jiang Nan, Song Gang, Wang Yaqiang and Li Chunbao.
TRS INFORMATION TECHNOLOGY CO., LTD. 
