Shanghai Zeheng Fund Management Co., Ltd completed the acquisition of 4.5% stake in ZJBC Information Technology Co., Ltd from Shenzhen Tongtaida Investment Center (Limited Partnership).
September 12, 2021
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Shanghai Zeheng Fund Management Co., Ltd signed an agreement to acquire 4.5% stake in ZJBC Information Technology Co., Ltd (SZSE:000889) from Shenzhen Tongtaida Investment Center (Limited Partnership) for approximately CNY 100 million on August 25, 2021. Under the terms, Shanghai Zeheng Fund Management will acquire 41.85 million shares at CNY 2.39 per share. The transaction is expected to close by October 31, 2021.
Shanghai Zeheng Fund Management Co., Ltd completed the acquisition of 4.5% stake in ZJBC Information Technology Co., Ltd (SZSE:000889) from Shenzhen Tongtaida Investment Center (Limited Partnership) on September 13, 2021.
ZJBC Information Technology Co Ltd, formerly Maoye Communication and Network Co Ltd, is a China-based company principally engaged in information intelligent transmission business and communication network maintenance business. The Company conducts its business through three segments. The Mobile Information Transmission and Related Business segment is mainly responsible for sending triggered text messages such as identity verification, reminder notifications, and information confirmation, including text, picture, or voice format carriers. The Communication Network Maintenance and Related Business segment includes operation management and maintenance support of base stations, lines, broadband access, fixed telephone access and wireless local area networks (WLAN). The Company also engages in mobile Internet software development and application services through the Other segment. The Company operates its business mainly in domestic market.
Shanghai Zeheng Fund Management Co., Ltd completed the acquisition of 4.5% stake in ZJBC Information Technology Co., Ltd from Shenzhen Tongtaida Investment Center (Limited Partnership).