Shanghai Conant Macroflag Group Co., Ltd. signed an asset acquisition agreement to acquire Jiangsu Ofpay E-Commerce Limited from a group of shareholders for approximately CNY 930 million.
October 11, 2019
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Shanghai Conant Macroflag Group Co., Ltd. (SZSE:300061) signed an asset acquisition agreement to acquire Jiangsu Ofpay E-Commerce Limited from Suzhou Bangsheng Yingxin Venture Capital Partnership Enterprise (Limited Partnership), Nanping Gansheng Business Management Partnership Enterprise (Limited Partnership), Nanping Ganguang Business Management Partnership Enterprise (Limited Partnership), Nanping Kaijia Business Management Partnership Enterprise (Limited Partnership), Shi zhengchuan and Xue li for approximately CNY 930 million on October 11, 2019. For the year ended December 31, 2018, Jiangsu Ofpay E-Commerce Limited reported total assets of CNY 536.7 million, revenues of CNY 160.3 million, EBIT of CNY 68.5 million, net income of CNY 61.3 million and net assets of CNY 240.3 million. The deal is subject to approval from shareholders of Shanghai Conant Macroflag Group Co., Ltd. and is approved by its Board of Directors. On October 11, 2019, the shareholders of Jiangsu Ofpay E-Commerce Limited approved the deal. Shanghai Conant Macroflag Group Co., Ltd. (SZSE:300061) completed the acquisition of 46% stake in Jiangsu Ofpay E-Commerce Limited from Nanping Gansheng Business Management Partnership Enterprise (Limited Partnership) and Nanping Ganguang Business Management Partnership Enterprise (Limited Partnership) on October 30, 2019. Jiangsu Ofpay E-Commerce Limited completed the industrial and commercial registration procedures for 46% stake in Jiangsu Ofpay E-Commerce Limited.
QITIAN Technology Group Co., Ltd., formerly Shanghai Conant Macroflag Group Co., Ltd., is a China-based company mainly engaged in financial technology business. The Company's business includes fintech service business and resin lens production and sales business. Fintech service business builds intelligent marketing, intelligent risk control, and intelligent customer acquisition capabilities through the comprehensive construction of technology, data, and business capabilities, and provides intelligent data analysis, decision support, marketing promotion, customer acquisition, flow distribution and risk judgment. It also provides individual customers with value-added services such as commodities, equity, instalment, and insurance. Resin lens production and sales business are mainly for the manufacture and sale of resin lenses, and provide lens processing services. The Company distributes its products within domestic market and to overseas markets.
Shanghai Conant Macroflag Group Co., Ltd. signed an asset acquisition agreement to acquire Jiangsu Ofpay E-Commerce Limited from a group of shareholders for approximately CNY 930 million.
QITIAN TECHNOLOGY GROUP CO., LTD. 
