Nanjing Inform Storage Equipment Co., Ltd. completed the acquisition of Beijing VSTRONG Technology Co., Ltd. from Beijing Yiwei Zhicheng Technology Center (Limited Partnership).
September 29, 2022
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Nanjing Inform Storage Equipment (Group) Co., Ltd. (SHSE:603066) signed an intention agreement to acquire Beijing VSTRONG Technology Co., Ltd. from Yin Junqi, Qi Qingmin, Wang Xinxu, Qu Xiaotong, Qin Xubin and Beijing Yiwei Zhicheng Technology Center (Limited Partnership) on May 20, 2022. The consideration will include the issuance of shares and cash payment. Upon completion of the transaction, Nanjing Inform Storage Equipment will hold a 100% stake in Beijing VSTRONG. Nanjing Inform Storage Equipment (Group) Co., Ltd. will be carrying out a private placement for raising supporting funds. Beijing VSTRONG had total assets of CNY 351.96 million, owner's equity of CNY 74.19 million, operating profit of CNY 324.31 million and net profit of CNY 28.31 million, for the period ended December 31, 2021. The transaction is subject to the approval of the China Securities Regulatory Commission, competent state-owned assets supervision and administration department, general meeting of shareholders of Nanjing Inform Storage Equipment and formal agreement. As of June 2, 2022, the decision-making procedures and approvals that have been performed for this transaction: Beijing VSTRONG held a shareholders' meeting and Nanjing Inform Storage Equipment held the 15th meeting of the 4th board of directors to consider and approved the transaction.
Nanjing Inform Storage Equipment (Group) Co., Ltd. (SHSE:603066) completed the acquisition of Beijing VSTRONG Technology Co., Ltd. from Beijing Yiwei Zhicheng Technology Center (Limited Partnership) on September 30, 2022.
Nanjing Inform Storage Equipment Group Co Ltd is a China-based company mainly engaged in intelligent logistics equipment business. The Company provides intelligent manufacturing, intelligent logistics planning, design and system integration, core equipment and software research and development, design, production, sales, implementation and operation services. It provides overall solutions for intelligent factories and customized products and services. The main products include logistics handling robots, including shuttles, stackers, automatic guided vehicles (AGV), aerial handling robots (EMS) and auxiliary robots. It produces warehouse management systems, warehouse control systems, full life cycle service platforms, digital twin platforms, logistics software systems and high-precision shelf equipment, including stereoscopic warehouse high-rise shelves, complex loft shelves and ordinary shelves. The Company mainly operates its business in the domestic and overseas markets.