Beijing Yinhe Haoxing Real Estate Co., Ltd. agreed to acquire 55% stake in Beijing Jincheng Skyline Technology Co., Ltd. from Beijing Xiaocheng Technology Stock Co., Ltd. for CNY 3 million.
December 25, 2018
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Beijing Yinhe Haoxing Real Estate Co., Ltd. agreed to acquire 55% stake in Beijing Jincheng Skyline Technology Co., Ltd. from Beijing Xiaocheng Technology Stock Co., Ltd. (SZSE:300139) for CNY 3 million on December 25, 2018. Under the terms, A first installment of CNY 1 million will be paid within 10 days since signing of the respective agreement, 50% of the transactional price must be paid within 180 days since signing of the respective agreement, 50% of the transactional price must be paid within 360 days since signing of the respective agreement. The transaction is being approved by Beijing Xiaocheng Technology directors.
Beijing Xiaocheng Technology Stock Co Ltd is a company mainly engaged in gold mining, production, processing and sales. The Company operates four segments. Gold Mining Business segment is engaged in gold mining, production, processing and sales. Ghana Build-Operate-Transfer (BOT) Project Operation, Distribution Network Transformation and Power Generation Business segment is engaged in BOT projects for prepayment meter installation and line loss reduction projects, and undertakes distribution network line transformation projects. Integrated Circuit Design Business and Watt Hour Meter Manufacturing Business segment are mainly engaged in the design and development of a series of integrated circuit products such as power line carrier chips. South Africa Public Private Partnership (PPP) Business segment is engaged in the design, installation and transformation of smart grid and special smart metering system for water resources metering, energy conservation and emission reduction projects.