Shanghai Belling Co., Ltd. completed the acquisition of Shenzhen Syta Technology Co., Ltd from a group of investors
June 23, 2022
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Shanghai Belling Co., Ltd. (SHSE:600171) agreed to acquire Shenzhen Syta Technology Co., Ltd from a group of investors for CNY 360 million on March 25, 2022. Under the terms, Xiao Ming, Pi Xiaomei, Xiao Yu, Wang Weitie, Gong Bo, Zheng Ruiguang, Chen Xiuzhen, Gu Ziyu, Zhong Shuangling and Yang Yidong will sell 93.40%, 2.975%, 1.50%, 1%, 0.75%, 0.1%, 0.1%, 0.075%, 0.05% and 0.05% stake in Shenzhen Syta Technology Co., Ltd respectively. As of March 25, 2022, Shanghai Belling Co., Ltd's board of directors approved the transaction. As at September 30, 2021, Shenzhen Syta Technology Co., Ltd reported CNY 31.7329 million total assets and CNY 26.8891 million net assets. Shenzhen Syta has completed the industrial and commercial change registration procedures and obtained a business license.
Shanghai Belling Co., Ltd. (SHSE:600171) completed the acquisition of Shenzhen Syta Technology Co., Ltd from a group of investors on June 24, 2022.
Shanghai Belling Corp., Ltd. is a China-based company primarily engaged in the design, production and trading of integrated circuits. The Company's primary products include intelligent metering, universal analog and power management products. The Company's products are mainly used in electricity meters, mobile phones, liquid crystal display (LCD) televisions (TVs), set-top boxes and other types of consumer electronics products. The Company is also involved in the provision of testing and processing services through its subsidiaries.
SHANGHAI BELLING CO., LTD. 
