Client Service International, Inc. completed the acquisition of remaining 49% stake in Shenzhen Ningze Financial Technology Co., Ltd. from group of sellers.
May 24, 2024
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Client Service International, Inc. (SZSE:300663) agreed to acquire remaining 49% stake in Shenzhen Ningze Financial Technology Co., Ltd. from Ma'anshan Zebao Enterprise Management Partnership Enterprise (Limited Partnership), Zhangjiajie Jinze Enterprise Management Partnership Enterprise (Limited Partnership), Guizhou Xize Information Technology Center (Limited Partnership), Shenzhen Junsheng Xiangshi Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhangjiajie Yinze Enterprise Management Partnership Enterprise (Limited Partnership) and Shenzhen Junsheng Dingshi Venture Capital Enterprise (Limited Partnership) for CNY 30.7 million on December 27, 2022. As of May 13, 2024, the parties agreed to sign the "Shenzhen Ningze Financial Technology Co., Ltd.. Equity Transfer Agreement" and made adjustments to the relevant matters of this transaction. The total transaction price was reduced by CNY 76.538 million, from CNY 107.31 million to CNY 30.772 million.
After the completion of this transaction, Ningze Finance will become a wholly-owned subsidiary of Kelan Software. Transaction has been approved by Client Service's board. As of December 31, 2023, Ningze Finance's net asset value was CNY 63.7491 million, operating income was CNY 13.4893 million, and net loss was CNY 6.1694 million.
Client Service International, Inc. (SZSE:300663) completed the acquisition of remaining 49% stake in Shenzhen Ningze Financial Technology Co., Ltd. from Ma'anshan Zebao Enterprise Management Partnership Enterprise (Limited Partnership), Zhangjiajie Jinze Enterprise Management Partnership Enterprise (Limited Partnership), Guizhou Xize Information Technology Center (Limited Partnership), Shenzhen Junsheng Xiangshi Equity Investment Fund Partnership Enterprise (Limited Partnership), Zhangjiajie Yinze Enterprise Management Partnership Enterprise (Limited Partnership) and Shenzhen Junsheng Dingshi Venture Capital Enterprise (Limited Partnership) on May 24, 2024.
Client Service International Inc is a company engaged in providing software products and electronic payment technology services to financial institutions. The Company's main products include distributed in-memory databases, bank outlets smart devices, electronic banking systems and Internet financial systems. The electronic banking system products are comprised of online banking, mobile banking and WeChat banking. The Internet financial system products primarily include banking and financial open platforms. The Company also provides technology development and technical services for banks and other financial institutions.
Client Service International, Inc. completed the acquisition of remaining 49% stake in Shenzhen Ningze Financial Technology Co., Ltd. from group of sellers.
CLIENT SERVICE INTERNATIONAL, INC. 
