Synthesis Electronic Technology Co.,Ltd. entered into an agreement to acquire remaining 49% stake in Synthesis Xuhui Medical Information Technology Co., Ltd. from Wenzhou Xuhui Technology Co., Ltd. for approximately CNY 31 million
July 18, 2022
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Synthesis Electronic Technology Co.,Ltd. (SZSE:300479) entered into an agreement to acquire remaining 49% stake in Synthesis Xuhui Medical Information Technology Co., Ltd. from Wenzhou Xuhui Technology Co., Ltd. for approximately CNY 31 million on July 18, 2022. The consideration of CNY 18 million will be paid in two installments according to the agreement and the remaining consideration of CNY 13 million will be paid to the designated bank account by bank transfer. The board of directors of Synthesis Electronic Technology approved the transaction.
Synthesis Xuhui Medical Information Technology recorded total assets of CNY 132.6 million and net assets of CNY 52.9 million as on March 31, 2022
Synthesis Electronic Technology Co., Ltd., formerly Shandong Synthesis Electronic Technology Co., Ltd, is a China-based company engaged in development, manufacture and sales of smart identification terminals and industry application software. The Companyâs products include terminal products and system products. The terminal products include cards authentication terminals and industry solutions, compound authentication terminals for cards and biological features and industry solutions, multi-function terminals for identification and electric payment and industry solutions. The cards include identity cards, social insurance cards, bank cards, health certificates, residence permits, citizen metro cards. The biological features include finger print, facial form, iris, digital veins and others. The Companyâs system products comprise terminal equipment and industry application software in four industries of finance, public safety, communication and social insurance (life insurance).
Synthesis Electronic Technology Co.,Ltd. entered into an agreement to acquire remaining 49% stake in Synthesis Xuhui Medical Information Technology Co., Ltd. from Wenzhou Xuhui Technology Co., Ltd. for approximately CNY 31 million