freeslotsmachines| Hengxin Technology: Acquisition of equity in target company for RMB 522 million to strengthen integrated circuit and network security business

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freeslotsmachines| Hengxin Technology: Acquisition of equity in target company for RMB 522 million to strengthen integrated circuit and network security business

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[Hengxin Technology invested 5freeslotsmachines.22 billion yuan completed equity acquisition of target company]

Hengxin Technology Co., Ltd. recently approved its Buyer Technology Co., Ltd.freeslotsmachines, pay 5 to the sellerfreeslotsmachines.22 billion yuan, successfully acquiredfreeslotsmachinesThe remaining 49% stake in the target company was acquired.

The target companies include Nanjing Zhangyu and Shanghai Zhangyu. The former specializes in integrated circuits, digital products, computer hardware, and computer technology applications and software development, while the latter focuses on providing cybersecurity and software solutions for the financial sector.

After the transaction is completed, Hengxin Technology will indirectly obtain full controlling interest in the target company through buyer technology, and the financial data of the target group will also be included in Hengxin Technology's financial statements.

The management committee pointed out that the acquisition will give the group comprehensive management control over the target company, thereby simplifying the decision-making process and allowing the company to quickly implement strategic plans consistent with business goals.

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