Jingshen (Shenzhen) Technology Holdings Co., Ltd. entered into an agreement to acquire Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) for CNY 680 million on November 25, 2022. For the period ended September 30, 2022, Total Assets were of CNY 863 million and Owner's Equity was of CNY 637 million. As of July 1, 2023, Jingshen (Shenzhen) Technology paid CNY 580 million and completed the completed the corresponding industrial and commercial changes for 97.5% stake. Dr. Peng Telecom & Media still owns 2.5% stake in Shenzhen Dr. Peng and the transfer has not yet been completed as well as the remaining payment of CNY 100 million is also not completed.
Jingshen (Shenzhen) Technology Holdings Co., Ltd. completed the acquisition of Shenzhen Dr. Peng Cloud Technology Co., Ltd. from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) on August 12, 2023.