On September 17, 2017, Huina Technology (300609.SZ) announced that the company intends to acquire Shanghai Duorong Technology Development Co., Ltd. ("Duorong Technology" and "Target Company") by a combination of equity acquisition and signing of voting rights proxy agreements.
The Company intends to sign the "Equity Acquisition Agreement on Shanghai Duorong Technology Development Co., Ltd.") with Ji Kun ("Party B (1)", "Entrusting Party"), Zhang Lisong ("Party B (2"),Zhu Liping ("Party B (3)"), Jin Wei ("Party B (4)", Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei collectively referred to as "Party B" and "Transferor"), and the Company intends to acquire 17%, 9%, 9% and 5% of the equity of Duorong Technology held by Ji Kun, Zhang Lisong, Zhu Liping and Jin Wei respectively. The transaction consideration was RMB17 million, RMB9 million, RMB9 million and RMB5 million, respectively. The total proportion of the company's acquisition of duorong technology equity is 40%, and the total transaction consideration is 40 million yuan.
After the completion of the equity acquisition, the company will hold 40% of the equity of Duorong Technology, and according to the relevant arrangements of the Equity Acquisition Agreement, it will have more than half of the board seats of Duorong Technology.
The Company intends to sign the Voting Rights Proxy Agreement with Ji Kun on Duorong Technology, and Ji Kun will irrevocably entrust the voting rights corresponding to the 20% equity of Duorong Technology other than the subject shares mentioned in the Equity Acquisition Agreement to the Company for the exercise. After the signing of the voting rights proxy agreement, the company will hold the voting rights corresponding to 20% of the equity of Duorong Technology.
According to the above-mentioned transaction arrangement of the Company, after the completion of this transaction, the Company will hold a total of 60% of the voting rights and 40% of the equity of Duorong Technology, and will have more than half of the director seats on the board of directors of Duorong Technology. The company will gain control of Duorong Technology, which will become a holding subsidiary of the company.
At present, Duorong Technology's main products and services are the development and integration implementation service of the data court information system and the development and integration implementation service of the intelligent financial big data management information system. The acquisition of Duorong Technology is conducive to accelerating the pace of the company's group development.
Duorong Technology has a relatively rich accumulation of customer resources and industry solutions in the field of court and financial informatization. By digging deep into the needs of Duorong Technology customers, we can expand the promotion and application of the company's mature products and services in the court and financial fields, fully empower the court and financial industry with the company's artificial intelligence and big data technology, realize the company's business breakthrough and ability improvement in the court, finance and other fields, and further optimize the company's business structure.
After the acquisition of Duorong Technology, the company will fully integrate the product capabilities and system integration capabilities of Duorong Technology, combine the company's independent and controllable product research and development system in the field of intelligent sensing and big data, improve the company's capabilities and qualification systems required in the service "Digital China" strategy, and gradually establish the company's technical advantages in the field of information technology application and innovation industry, so as to lay a solid foundation for the company to develop more areas of business.
This article originated from Grand Gateway