Zwsoft Co.,Ltd. completed the acquisition of 51% stake in Beijing Bochao Shidai Software Co., Ltd. from Guangzhou Tuoou Information Technology Co., Ltd.
August 03, 2023
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Zwsoft Co.,Ltd. (SHSE:688083) agreed to acquire a 51% stake in Beijing Bochao Shidai Software Co., Ltd. from Guangzhou Tuoou Information Technology Co., Ltd. for CNY 130 million on April 27, 2023. In a related transaction, Zwsoft Co.,Ltd. agreed to acquire a 9.0412% stake in Beijing Bochao Shidai Software Co., Ltd. from Lin Fei for CNY 23 million and 4.6214% stake in Beijing Bochao Shidai Software Co., Ltd. from Lin Fei for CNY 11.8 million. Zwsoft Co.,Ltd. will use it own funds for the acquisition. Transaction has been approved by Zwsoft Co's board. For the period ended December 31, 2022, Beijing Bochao had CNY -27.84 million, CNY 101.14 million of operating income, CNY 56.12 million of Net assets and CNY 150.48 million of Total assets.
Zwsoft Co.,Ltd. (SHSE:688083) completed the acquisition of 51% stake in Beijing Bochao Shidai Software Co., Ltd. from Guangzhou Tuoou Information Technology Co., Ltd. on August 4, 2023.
ZWSOFT Co Ltd Guangzhou is a China-based company mainly engaged in the supply of research, development and design industrial software. The Company is mainly engaged in the research, development, promotion and sales of computer aided design (CAD) / computer-aided manufacturing (CAM)/ computer aided engineering (CAE) and other research, development and design industrial software. The Company builds a product series based on 2D CAD and 3D CAD. The Company's products are mainly used in manufacturing, engineering construction and education fields such as machinery, electronics, automobiles, construction, transportation, energy and so on. The Company mainly conducts business in the domestic market.
Zwsoft Co.,Ltd. completed the acquisition of 51% stake in Beijing Bochao Shidai Software Co., Ltd. from Guangzhou Tuoou Information Technology Co., Ltd.
ZWSOFT CO.,LTD. 
