Shangrao Digital and Financial Industry Investment Group Co., Ltd. signed a share transfer agreement to acquire an additional 5% stake in Beijing Tianli Mobile Service Integration, Inc. from Qian Yongyao for approximately CNY 160 million.
November 27, 2020
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Shangrao Digital and Financial Industry Investment Group Co., Ltd. signed a share transfer agreement to acquire an additional 5% stake in Beijing Tianli Mobile Service Integration, Inc. (SZSE:300399) from Qian Yongyao for approximately CNY 160 million on November 27, 2020. As per terms, Shangrao Digital and Financial Industry Investment Group Co., Ltd. will acquire 9.88 million shares for CNY 15.69 per share. The transaction still needs to be confirmed by the Shenzhen Stock Exchange for compliance, and the transfer registration procedures must be completed at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited.
Jiangxi Tianli Technology INC, formerly Beijing Tianli Mobile Service Integration Inc, is a China-based company principally engaged in the provision of industry mobile information services. The Company is engaged in mobile agent server (MAS) business, information, communication and technology (ICT) integrated service platform business, software customized business and internet insurance business. The Company operates its business in domestic market, with Shanghai as its main market.
Shangrao Digital and Financial Industry Investment Group Co., Ltd. signed a share transfer agreement to acquire an additional 5% stake in Beijing Tianli Mobile Service Integration, Inc. from Qian Yongyao for approximately CNY 160 million.
JIANGXI TIANLI TECHNOLOGY, INC. 
