Shen Zhen Mindata Holding Co., Ltd agreed to acquire 8.88% stake in Shenzhen Seastar Technologies Co.,Ltd. from Qiao Xin for CNY 44.2 million.
August 26, 2019
Share
Shen Zhen Mindata Holding Co., Ltd (SZSE:002137) agreed to acquire 8.88% stake in Shenzhen Seastar Technologies Co.,Ltd. from Qiao Xin for CNY 44.2 million on August 23, 2019. The board of Shen Zhen Mindata Holding approved the transaction in the meeting held on August 23, 2019. Post acquisition Shen Zhen Mindata Holding will hold 96.10% in Shenzhen Seastar Technologies.
Shenzhen Sea Star Technology Co Ltd (formerly Shen Zhen Mindata Holding Co Ltd) is a China-based company mainly engaged in smart hardware and smart marketing business. The Company operates through two business segments. The Smart Hardware Business segment is mainly engaged in smart terminal product business and smart hardware manufacturing business. The smart terminal product business mainly produces smart terminal products such as light-emitting diode (LED) smart lighting and smart locks. The smart hardware manufacturing business is mainly to provide services such as engineering testing, manufacturing, and supply chain management of industrial-grade products for brand owners. The Smart Marketing Business segment is engaged in Internet media full case marketing services, creative strategy services, Internet integrated marketing services, social media marketing business services, and advertising production services.