Du Zhenfeng cancelled the acquisition of 40% stake in Suzhou Intimes Technology Company Limited from Guangdong Eastone Century Technology Co., Ltd..
December 09, 2017
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Du Zhenfeng signed a transfer agreement to acquire 40% stake in Suzhou Intimes Technology Company Limited from Guangdong Eastone Century Technology Co., Ltd. (SZSE:300310) for CNY 29.5 million on December 9, 2016. Under the terms of transaction, Du Zhenfeng will pay CNY 9.4 million for 40% stake and CNY 20.2 million for the debt. The transaction has been approved by Board of Guangdong Eastone Century Technology Co., Ltd. on December 12, 2016 and is not subject to approval of shareholders of Guangdong Eastone Century Technology Co., Ltd.
Du Zhenfeng cancelled the acquisition of 40% stake in Suzhou Intimes Technology Company Limited from Guangdong Eastone Century Technology Co., Ltd. (SZSE:300310) on December 9, 2017.
Eastone Century Technology Co.,Ltd., formerly Guangdong Eastone Century Technology Co., Ltd., is a China-based company principally engaged in the provision of communication network technology services. Its communication network technology services include network engineering services, network maintenance services and network optimization services. The Company also provides system solutions and communication network devices. Its system solutions include network support systems within operators and business systems for government and enterprise customers. Its communication network devices include base station antennas, testing instruments and software, among others. Besides, the Company is also engaged in medical device sales, health measurement analysis and leasing businesses. The Company mainly operates its businesses in domestic market.
EASTONE CENTURY TECHNOLOGY CO.,LTD. 
