Yonyou Network Technology Co., Ltd. cancelled the acquisition of 5.23% stake in Beijing Bochen Technology Co., Ltd. from Ningbo Boda Huixin Investment Management Partnership Enterprise (Limited Partnership).
January 04, 2018
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Yonyou Network Technology Co., Ltd. (SHSE:600588) agreed to acquire 5.23% stake in Beijing Bochen Technology Co., Ltd. from Ningbo Boda Huixin Investment Management Partnership Enterprise (Limited Partnership) for CNY 1.68 million on January 5, 2017. The transaction was approved by the board of Yonyou Network Technology Co., Ltd. and does not need any shareholders approval.
Yonyou Network Technology Co., Ltd. (SHSE:600588) cancelled the acquisition of 5.23% stake in Beijing Bochen Technology Co., Ltd. from Ningbo Boda Huixin Investment Management Partnership Enterprise (Limited Partnership) on January 5, 2018.
Yonyou Network Technology Co., Ltd. is specialized in the development and manufacturing of management software products. These products are used for enterprise resource planning, human resource management, office automation, customer relationship management, product lifecycle management, etc. Net sales break down by activity as follows:
- services (69.1%): maintenance, technical support, consulting, and training services;
- sale of licenses (29.6%);
- other (1.3%).
China accounts for 98.4% of net sales.
YONYOU NETWORK TECHNOLOGY CO.,LTD. 
