Beijing Yovole Cloud Computing Technology Co., Ltd. signed a contract to acquire Beijing Shuoge Technology Co., Ltd. from People.cn CO., LTD for CNY 350 million.
May 16, 2022
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Beijing Yovole Cloud Computing Technology Co., Ltd. signed a contract to acquire Beijing Shuoge Technology Co., Ltd. from People.cn CO., LTD (SHSE:603000) for CNY 350 million on May 13, 2022. As per the terms of the deal, the deposit of CNY 105 million paid by Beijing Yovole Cloud Computing Technology Co., Ltd. as required will be deducted as part of the transfer price. A one-time payment method shall be adopted, and the remaining transfer price other than the deposit shall be remitted to the settlement account designated by Beijing Equity Exchange within 5 working days from the date of entry into force of the contract.
People.cn CO., LTD is a China-based company, principally engaged in the operation of Internet information business. The Company's major businesses include information business, Internet advertisement and publicity business, mobile value-added business, as well as the provision of technical services. The Company provides political news, economic news, society news, culture news, technology news, education news and international news for global Internet users, through articles, images, cartoons, audios and videos, forums, blogs, micro blogs, podcasts, mobiles, really simple syndication (RSS), online live and other ways. It conducts its businesses within domestic market and to overseas markets.
Beijing Yovole Cloud Computing Technology Co., Ltd. signed a contract to acquire Beijing Shuoge Technology Co., Ltd. from People.cn CO., LTD for CNY 350 million.