Lakala Payment Co., Ltd. completed the acquisition of a 5.84% stake in BlueFocus Intelligent Communications Group Co., Ltd. from Tibet Yaowang Network Technology Co., Ltd.
June 14, 2021
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Lakala Payment Co., Ltd. (SZSE:300773) signed a share transfer agreement to acquire a 5.84% stake in BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) from Tibet Yaowang Network Technology Co., Ltd. for approximately CNY 910 million on May 7, 2021. As per the transaction, Lakala Payment Co., Ltd. will acquire 144 million shares of BlueFocus Intelligent Communications Group. Lakala Payment Co., Ltd. shall pay 50% of consideration within five days after the approval from the shareholders of Lakala Payment Co., Ltd., while remaining balance payable within 90 days after completion of transaction. Post completion, Tibet Yaowang Network Technology Co., Ltd. will hold 47.695111 million shares representing 1.94% stake in BlueFocus Intelligent Communications Group Co., Ltd. The transaction is subject to obtaining approval from the shareholders of Lakala Payment Co., Ltd.
Lakala Payment Co., Ltd. (SZSE:300773) completed the acquisition of a 5.84% stake in BlueFocus Intelligent Communications Group Co., Ltd. (SZSE:300058) from Tibet Yaowang Network Technology Co., Ltd. on June 15, 2021.
Lakala Payment Co., Ltd. is a third-party payment company. The Company is mainly engaged in the provision of acquiring services for physical small and micro enterprises and personal payment services for individual users. The Company operates four segments, including Acquiring segment, Personal Payment segment, Hardware Sales and Services segment and Other Derivative Business segment. The Company conducts its businesses in domestic market.
Lakala Payment Co., Ltd. completed the acquisition of a 5.84% stake in BlueFocus Intelligent Communications Group Co., Ltd. from Tibet Yaowang Network Technology Co., Ltd.
LAKALA PAYMENT CO., LTD. 
