Shanghai Jisheng Equity Investment Management Co., Ltd. entered into an agreement to acquire 51.102% stake in Shenzhen 1card1 Technology Co.,Ltd from Hengbao Co.,Ltd. for CNY 58.47 million.
December 27, 2022
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Shanghai Jisheng Equity Investment Management Co., Ltd. entered into an agreement to acquire 51.102% stake in Shenzhen 1card1 Technology Co.,Ltd from Hengbao Co.,Ltd. (SZSE:002104) for CNY 58.47 million on December 27, 2022. The consideration will be paid in two installments. As of December 30, 2022 Shanghai Jisheng Equity Investment Management has paid half of the consideration amount and the remaining half will be paid within 5 working days of completing the transaction.
Hengbao Co., LTD. is a China-based company, principally engaged in the manufacture and distribution of various card products. The Company's businesses and products include financial integrated circuit (IC) cards, citizen cards, social security cards, health cards, communication and Internet of things connection products, intelligent terminal products and security products, among others. The Company is also engaged in the provision of notes, modules and software products. The Company conducts its businesses within domestic market and to overseas markets.
Shanghai Jisheng Equity Investment Management Co., Ltd. entered into an agreement to acquire 51.102% stake in Shenzhen 1card1 Technology Co.,Ltd from Hengbao Co.,Ltd. for CNY 58.47 million.
HENGBAO CO.,LTD. 