Beijing Massive Data Technology Research Institute Co., Ltd., Xiao Feng and Hu Weina agreed to acquire 60.3% stake in Guangzhou Massive Database Technology Co., Ltd. from Beijing Vastdata Technology Co., Ltd. and Huang Xiaotao.
July 27, 2021
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Beijing Massive Data Technology Research Institute Co., Ltd., Xiao Feng and Hu Weina agreed to acquire 60.3% stake in Guangzhou Massive Database Technology Co., Ltd. from Beijing Vastdata Technology Co., Ltd. (SHSE:603138) and Huang Xiaotao on July 27, 2021. The board of Beijing Vastdata Technology Co., approved the deal. Guangzhou Massive Database Technology reported total assets of CNY 12.6 million and total common equity of CNY -25 million till June 30, 2021.
Beijing Vastdata Technology Co., Ltd. is principally engaged in providing data center solutions and services. The Company's main businesses include system integration, technical services, service sales and product sales. System Integration business involves in setting up data platform systems or subsystems for clients. Technical Services business involves in providing overall operation maintenance solutions for data center systems or subsystems.
Beijing Massive Data Technology Research Institute Co., Ltd., Xiao Feng and Hu Weina agreed to acquire 60.3% stake in Guangzhou Massive Database Technology Co., Ltd. from Beijing Vastdata Technology Co., Ltd. and Huang Xiaotao.
BEIJING VASTDATA TECHNOLOGY CO., LTD. 
