Capitalonline Data Service Co., Ltd. signed a share transfer agreement to acquire 60% stake in Beijing Zhongjia Hexin Communication Technology Co., Ltd. for approximately CNY 160 million.
June 20, 2022
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Capitalonline Data Service Co., Ltd. (SZSE:300846) signed a share transfer agreement to acquire 60% stake in Beijing Zhongjia Hexin Communication Technology Co., Ltd. for approximately CNY 160 million on June 18, 2022. As per the terms, 6,132 shares will be acquired. Capitalonline Data Service will pay CNY 82 million
within 10 working days from the transfer completion date. Remaining amount will be paid on an annual basis according to Beijing Zhongjia Hexin Communication Technology Co., Ltd.'s performance during the performance commitment period, as follows: CNY 23,400,000 X (Beijing Zhongjia Hexin Communication Technology Co., Ltd.'s actual net profit in 2022 divided by ÷ CNY 25,000,000), and not more than CNY 23,400,000 in 2023, CNY 23,400,000 X (Beijing Zhongjia Hexin Communication Technology Co., Ltd.'s actual net profit in 2022 divided by ÷ CNY 29,000,000), and not more than CNY 23,400,000 in 2024 and CNY 31,200,000 X (Beijing Zhongjia Hexin Communication Technology Co., Ltd.'s actual net profit in 2022 divided by ÷ CNY 33,000,000), and not more than CNY 31,200,000 in 2025. Post completion, Beijing Longhua Maochen Enterprise Management Consulting Center (Limited Partnership) will hold 24.2779% stake and Shenzhen Zhongjie Asset Management Co., Ltd. will hold 3.7847%. For December 31, 2022, Beijing Zhongjia Hexin Communication Technology reported total assets of CNY 88.9 million, net assets of CNY 67.9 million, operating income of CNY 26.7 million, net profit of CNY 23.4 million and revenue of CNY 81.3 million. The transaction has been approved in the 9th Meeting of Capitalonline Data Service's Directorate held on June 20, 2022, and is subject to the shareholders' approval.
Capitalonline Data Service Co Ltd is a China-based company mainly engaged in the provision of global cloud network integration solutions. The Company mainly operates three segments. The Internet Data Center (IDC) Service segment provides customers with leased space and bandwidth, equipment installation and maintenance. It also provides transmission lines. The Cloud Service segment provides cloud hosting services. The Other Services segments mainly provide value-added services, equipment sales and agency advertising services. The Company mainly serves customers in industrials such as games, e-commerce, video, education, big data and others.
Capitalonline Data Service Co., Ltd. signed a share transfer agreement to acquire 60% stake in Beijing Zhongjia Hexin Communication Technology Co., Ltd. for approximately CNY 160 million.