INESA Intelligent Tech Inc. (SHSE:600602) agreed to acquire remaining 20% stake in Shanghai Science and Technology Network Communication Co., Ltd from INESA (Group) Co., Ltd. for CNY 160 million on September 28, 2023. As of December 31, 2022, Shanghai Science and Technology Network Communication Co., Ltd reported total assets of CNY 750 million, total common equity of CNY 400 million, EBIT of CNY 240 million and net income of CNY 21 million. As of October 18, 2023, INESA Intelligent Tech Inc. shareholders approved the transaction at the General Meeting of Shareholders on October 17, 2023.
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- INESA Intelligent Tech Inc. agreed to acquire remaining 20% stake in Shanghai Science and Technology Network Communication Co., Ltd from INESA Co., Ltd. for CNY 160 million.