Beijing VNET Broadband Data Center Co., Ltd. completed the acquisition of a 7.1429% stake in VNET Technology Development Co., Ltd. from Tus-Design Group Co., Ltd..
June 31, 2023
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Beijing VNET Broadband Data Center Co., Ltd. agreed to acquire a 7.1429% stake in VNET Technology Development (Suzhou) Co., Ltd. from Tus-Design Group Co., Ltd. (SZSE:300500) for CNY 55.4 million on May 23, 2023. The VNET Technology had total assets, net assets, revenue and net profit of CNY 1.76 billion, CNY 738.90 million, CNY 134.23 million and CNY 40.25 million, respectively for the year ended December 31, 2023. The 14th session of the Tus-Design Group's 4th directorate approved the transaction.
Beijing VNET Broadband Data Center Co., Ltd. completed the acquisition of a 7.1429% stake in VNET Technology Development (Suzhou) Co., Ltd. from Tus-Design Group Co., Ltd. (SZSE:300500) on June 1, 2023.
Tus-Design Group Co., Ltd, formerly Suzhou Institute of Architectural Design Co., Ltd. is principally engaged in the construction design and other engineering services. The Company's business scope covers public buildings design, residential building design, industry and research building design, landscape design, interior design and all other types of building design businesses. The Company also provides engineering testing services, such as witness sampling inspection, special testing and filing detection, among others. Its major product is to provide design documents and drawings and related technical services for all types of buildings.
Beijing VNET Broadband Data Center Co., Ltd. completed the acquisition of a 7.1429% stake in VNET Technology Development Co., Ltd. from Tus-Design Group Co., Ltd..