Hangzhou Yulu Network Technology Partnership (Limited Partnership) agreed to acquire additional 30% stake in Asia Link Digital Information Technology Co., Ltd. from Shenzhen Asia Link Technology Development Co.,Ltd. for CNY 1.
December 24, 2020
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Hangzhou Yulu Network Technology Partnership (Limited Partnership) agreed to acquire additional 30% stake in Asia Link Digital (Hangzhou) Information Technology Co., Ltd. from Shenzhen Asia Link Technology Development Co.,Ltd. (SZSE:002316) for CNY 1 on December 22, 2020. Hangzhou Yulu Network Technology Partnership (Limited Partnership) signed an agreement to acquire additional 30% stake in Asia Link Digital (Hangzhou) Information Technology Co., Ltd. from Shenzhen Asia Link Technology Development Co.,Ltd. (SZSE:002316) on December 23, 2020. Post completion, Shenzhen Asia Link Technology Development will own 10% stake in Asia Link Digital (Hangzhou). Hangzhou Yulu Network Technology currently owns 33% in Asia Link Digital (Hangzhou). As at September 30, 2020, Asia Link Digital (Hangzhou) had total assets of CNY 7.2 million and net assets worth CNY 1.4 million. The transaction was approved by board of Shenzhen Asia Link Technology Development on December 22, 2020.
Jilin Asia Link Technology Development Co Ltd, formerly Shenzhen Asia Link Technology Development Co.,Ltd., is a China-based company mainly engaged in third-party payment business. The Company is mainly engaged in two businesses. The smart operation business mainly includes the provision of third-party payment services for individuals, small, medium and micro enterprises and industrial customers. The smart grid business mainly includes business in the fields of power communication transmission, data communication, dispatching control, operation and maintenance, power information security, industrial intelligence and the Internet of Things. The Company operates primarily in the domestic market.
Hangzhou Yulu Network Technology Partnership (Limited Partnership) agreed to acquire additional 30% stake in Asia Link Digital Information Technology Co., Ltd. from Shenzhen Asia Link Technology Development Co.,Ltd. for CNY 1.
SHENZHEN ASIA LINK TECHNOLOGY DEVELOPMENT CO.,LTD. 
