Shanghai QiangSheng Holding Co., Ltd intends to acquire 12.87% stake in Shanghai Public Traffic Card Co., Ltd. from Shanghai Qiangsheng Group Co., Ltd for CNY 67 million.
November 21, 2017
Share
Shanghai QiangSheng Holding Co., Ltd (SHSE:600662) intends to acquire 12.87% stake in Shanghai Public Traffic Card Co., Ltd. from Shanghai Qiangsheng Group Co., Ltd for CNY 67 million on November 21, 2017. The stake transfer agreement will be signed after approval from Board of Directors. As of December 31, 2016, Shanghai Public Traffic Card Co., Ltd. reported total assets of CNY 7.5 billion, net assets of CNY 307.4 million, revenue of CNY 270.2 million and net profit of CNY 46.3 million. The transaction has been approved by the Board of Directors of Shanghai QiangSheng Holding Co., Ltd. Shanghai Qiangsheng Group Co., Ltd has received authorization for the transaction.
Shanghai Foreign Service Holding Group Co Ltd is a China-based company principally engaged in the provision of comprehensive human resources services. The Company is mainly engaged in five businesses. The personnel management business includes personnel policy consultation, personnel agency, statutory social insurance agency and employment and withdrawal management. The talent dispatch business includes comprehensive supporting services such as personnel administration, salary and welfare related to dispatched employees. The salary and welfare business includes payroll management services, health management services, and commercial welfare services. The recruitment and flexible employment business includes flexible employment services, mid-to-high-end talent search services and recruitment process outsourcing services. The business outsourcing business includes business process outsourcing services with the management of outsourced personnel as the core.
Shanghai QiangSheng Holding Co., Ltd intends to acquire 12.87% stake in Shanghai Public Traffic Card Co., Ltd. from Shanghai Qiangsheng Group Co., Ltd for CNY 67 million.
SHANGHAI FOREIGN SERVICE HOLDING GROUP CO., LTD. 
