Shenzhen Baoneng Chuangzhan Real Estate Co Ltd agreed to acquire all assets, liabilities, and related businesses of 5 data center asset groups from Dr. Peng Telecom & Media Group Co., Ltd. for CNY 1.64 billion.
August 23, 2021
Share
Shenzhen Baoneng Chuangzhan Real Estate Co Ltd agreed to acquire all assets, liabilities, and related businesses of 5 data center asset groups from Dr. Peng Telecom & Media Group Co., Ltd. (SHSE:600804) for CNY 1.65 billion on June 7, 2021. Shenzhen Baoneng Chuangzhan Real Estate Co Ltd shall pay CNY 240 million to Dr. Peng Telecom & Media Group within 3 working days after Dr. Peng Telecom & Media Group's board of directors approves the transaction, Within 5 working days after the approval of Dr. Peng Telecom & Media Group's shareholders’ meeting, will pay CNY 685 million and The remaining purchase price shall be settled and paid on or before December 31, 2021. Shenzhen Baoneng Chuangzhan Real Estate Co Ltd already paid Dr. Peng Telecom & Media Group CNY 560 million before the signing of the Asset Transfer Agreement. As of June 7, 2021, Dr. Peng Telecom & Media Group's BOD approved the transaction and on June 18, 2021, the transaction has been approved by shareholders of Dr. Peng Telecom & Media Group. Shenzhen Baoneng Chuangzhan Real Estate Co Ltd has completed the acquisition of JIuxianqiao Data center on August 24, 2021. Shenzhen Baoneng Chuangzhan Real Estate Co Ltd had already paid a total of CNY 1.135 billion including the CNY 560 million that has been paid in the previous period.
Dr.Peng Telecom & Media Group Co Ltd is a China-based company principally engaged in the provision of Internet access and value-added services. The Company operates through four segments. The Smart Cloud Network Business segment focuses on the digital transformation market of small and medium-sized enterprises, providing them with a one-stack solution of Cloud + Network + Application + Service. The Data Center Business segment provides data center services. The Home Broadband and Value-added Business segment provides related Internet access services to households and government enterprises. The Industrial Internet and Digital Economy Industrial Park Business segment provides industrial Internet architecture solutions for traditional enterprises. The Company conducts its businesses in domestic market and overseas markets.
Shenzhen Baoneng Chuangzhan Real Estate Co Ltd agreed to acquire all assets, liabilities, and related businesses of 5 data center asset groups from Dr. Peng Telecom & Media Group Co., Ltd. for CNY 1.64 billion.
DR. PENG TELECOM & MEDIA GROUP CO., LTD. 
