Deqing Lianchuang Sci-tech New City Construction Co., Ltd. cancelled the acquisition of 20% of stake in Zhejiang Hi Target Space Information Technology Co., Ltd. from Hi-Target Navigation Tech Co.,Ltd.
December 09, 2022
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Deqing Lianchuang Sci-tech New City Construction Co., Ltd. agreed to acquire 20% of stake in Zhejiang Hi Target Space Information Technology Co., Ltd. from Hi-Target Navigation Tech Co.,Ltd (SZSE:300177) for CNY 34 million on November 25, 2022. Zhejiang Hi has a total assets of CNY 152 million and net assets of CNY 85 million as of September 20, 2022. The transaction has been approved by the Board of Hi-Target Navigation and subject to approval of Hi-Target Navigation's shareholders.
Deqing Lianchuang Sci-tech New City Construction Co., Ltd. cancelled the acquisition of 20% of stake in Zhejiang Hi Target Space Information Technology Co., Ltd. from Hi-Target Navigation Tech Co.,Ltd (SZSE:300177) on December 10, 2022
Guangzhou Hi Target Navigation Tech Co Ltd is a China-based company principally engaged in the satellite navigation system technology development and related equipment manufacturing businesses. The Company's main products include Beidou + precision positioning equipment, Beidou + industry application software and program integration and Beidou + spatial information data. The Company's products are mainly used in surveying and mapping geographic information, unmanned intelligent carriers, science and technology tourism and military products. The Company distributes its products in domestic market and to overseas markets.
Deqing Lianchuang Sci-tech New City Construction Co., Ltd. cancelled the acquisition of 20% of stake in Zhejiang Hi Target Space Information Technology Co., Ltd. from Hi-Target Navigation Tech Co.,Ltd.