Lakala Payment Co., Ltd. (SZSE:300773) agreed to acquire BZL Credit Evaluation Co., Ltd. from Tibet Kaola Science & Technology Development Co., Ltd. and Beijing Koala Kunlun Investment Management Co., Ltd for CNY 50 million on August 18, 2021. The company plans to use its own funds of CNY 50 million to acquire BZL Credit Evaluation. Tibet Kaola Science & Technology Development will divest 90% stake while Beijing Koala Kunlun Investment Management will divest 10% stake. For the year ended December 31, 2020, BZL Credit Evaluation reported total assets of CNY 17.7 million, net assets of CNY 17.4 million, operating income of CNY 0.8 million and net profit of CNY -1 million.
The matter needs to be submitted to the general meeting of shareholders. The acquisition has been reviewed and unanimously approved by the 42nd meeting of the second board of directors of the company (associated directors Sun Taoran and Li Peng abstained from voting) and the 19th meeting of the second board of supervisors.