Hanwang Technology Co., Ltd. agreed to acquire the remaining 13% stake in Beijing Hanvon Digital Technology Co., Ltd. from Beijing Shujin Investment Management Partnership Enterprise (Limited Partnership) for CNY 6 million.
July 29, 2020
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Hanwang Technology Co., Ltd. (SZSE:002362) agreed to acquire the remaining 13% stake in Beijing Hanvon Digital Technology Co., Ltd. from Beijing Shujin Investment Management Partnership Enterprise (Limited Partnership) for CNY 6 million on July 28, 2020. After the completion of the transaction, Hanwang Technology will own a 100% stake in Hanvon Digital. Hanwang Technology will use its own funds for the acquisition. For the year ending December 31, 2019, Hanvon Digital reported total assets worth CNY 73.58 million, net assets worth CNY 44.74 million, revenues worth CNY 72.74 million, operating loss of CNY 2.14 million and net loss of CNY 1.27 million. The transaction was approved at the 23rd session of the 5th directorate meeting. Hanwang Technology will pay the transfer price before August 30, 2020.
Hanwang Technology Co., Ltd. is a China-based company principally engaged in the research and development and application of hardware and software products related to intelligent interaction. The Company's main businesses include face and biometric recognition services, optical character recognition (OCR) services, handwriting recognition services, data services, pen touch and track services as well as smart air detection and governance services. The Company operates its business within the domestic market and overseas markets.