Shenzhen Hifuture Information Technology Co., Ltd. cancelled the acquisition of an additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd.
April 23, 2021
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Shenzhen Hifuture Information Technology Co., Ltd. (SZSE:002168) signed the intentional agreement to acquire additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd. for approximately CNY 430 million on April 24, 2020. The transaction will be funded from own cash of Shenzhen Hifuture Information Technology. The final agreement will be subject to the formal agreement signed by the parties. The follow-up matters involved in this agreement will be in accordance with the Company Law, Shenzhen Stock Exchange Stock Listing Rules, Shenzhen Stock Exchange SME Board Listed Companies Standard Operation Guidelines and Articles of Association and other relevant laws and regulations perform the corresponding decision-making and approval procedures, and fulfill the information disclosure obligations in accordance with the law. As reported on October 24, 2020, the parties to the transaction signed supplementary agreement and agreed to extend the validity period of the equity acquisition by six months. If within six months of the signing of the supplementary agreement, the two parties fail to reach a substantive agreement on the acquisition matters listed in the equity acquisition intention agreement, or if the buyer’s Board of Directors and shareholders’ meeting are not obtained, or if the regulatory agency is not obtained, the supplementary agreement and the equity acquisition intention agreement will be automatically terminated. The Board of Shenzhen Hifuture Information Technology approved the transaction on April 24, 2020. The supplementary agreement was approved by Board of Shenzhen Hifuture Information Technology on October 24, 2020.
Shenzhen Hifuture Information Technology Co., Ltd. (SZSE:002168) cancelled the acquisition of an additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd. on April 24, 2021. On April 24, 2021, the cooperation period of the above-mentioned agreement has expired. The deposit of CNY 20 million shall be refunded to Shenzhen Hifuture Information Technology Co., Ltd. within 10 working days from the termination.
Chongqing Hifuture Information Technology Co Ltd, formerly Shenzhen Hifuture Information Technology Co Ltd, is a China-based company mainly engaged in the manufacturing of electrical equipment. The Company operates three segments. Electrical Business segment is engaged in providing integrated solutions for new energy electric vehicle charging stations including charging systems, power distribution systems, measurement and control systems and security systems. The Game Business segment includes traffic management business based on big data refined marketing, as well as the research and development, distribution of mobile games and the operation of game platforms. The New Energy Business segment is engaged in the manufacturing of smart electrical facilities and equipment, as well as the manufacturing and operation of charging stations. The Company is also involved in investment business, which covers financial product investment, securities investment and equity investment.
Shenzhen Hifuture Information Technology Co., Ltd. cancelled the acquisition of an additional 12% stake in Chengdu Dkmgame Network Technology Co., Ltd. from China Zhongji Investment Co., Ltd.