Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) acquired SUYIN Financial Leasing Co., Ltd. from Hongdou Group Co.Ltd for approximately CNY 730 million recently. Under the terms, 250 shares of SUYIN have been acquired. Post completion, Bank of Jiangsu Co., Ltd. holds 51..25% stake, Jiangsu Phoenix Publishing Media Group Co., Ltd holds 21.25% stake, Jiangsu Coast Development Group Co.,Ltd holds 10% stake, Jiangsu Xinhua Newspaper Media Group Co., Ltd stake 10% stake, Jiangsu Broadcasting Cable Information Network Corporation Limited holds 6.25% stake and Jiangsu Private Investment Holdings Co., Ltd holds 1.25% stake in SUYIN. Jiangsu Broadcasting Cable board of directors approved the transaction. Transaction has been approved by Jiangsu Regulatory Bureau of China Banking and Insurance Regulatory Commission.

Jiangsu Broadcasting Cable Information Network Corporation Limited (SHSE:600959) completed the acquisition of SUYIN Financial Leasing Co., Ltd. from Hongdou Group Co.Ltd recently.