Zhejiang Guoxin Chengzhi Information Technology Co., Ltd entered into a share transfer framework agreement to acquire 9% stake in Zhejiang Furun Digital Technology Co., Ltd. from Furun Holding Group Co., Ltd. for approximately CNY 400 million.
June 11, 2021
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Zhejiang Guoxin Chengzhi Information Technology Co., Ltd entered into a share transfer framework agreement to acquire 9% stake in Zhejiang Furun Digital Technology Co., Ltd. (SHSE:600070) from Furun Holding Group Co., Ltd. for approximately CNY 400 million on June 9, 2021. Zhejiang Guoxin Chengzhi Information Technology Co., Ltd entered into a share transfer agreement to acquire 9% stake in Zhejiang Furun Digital Technology Co., Ltd. (SHSE:600070) from Furun Holding Group Co., Ltd. for approximately CNY 400 million on August 17, 2021. Under the transaction, Guoxin Huaxia will acquire 46.98 million shares, representing 9% stake in Zhejiang Furun Digital Technology at a price of CNY 8.46 per share. Under the revised terms Zhejiang Guoxin Chengzhi Information Technology Co., Ltd will acquire 46.9 million shares for CNY 8.41 per share. As of September 24, 2021, after receiving 70% of the total amount of the share transfer price, Furun Holding Group Co., Ltd and Zhejiang Guoxin Chengzhi Information Technology Co., Ltd will jointly apply to the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. to handle the transfer procedures.
Zhejiang Furun Digital Technology Co Ltd, formerly Zhejiang Furun Co Ltd, is mainly engaged in textile industry business, steel pipe processing and sale business and large data business. The Company mainly provides Internet marketing and data analysis services. The Company is also involved in the processing and sales of seamless steel pipes, as well as the printing, processing and sales of textiles. The Company distributes its products in the domestic market and to overseas markets.
Zhejiang Guoxin Chengzhi Information Technology Co., Ltd entered into a share transfer framework agreement to acquire 9% stake in Zhejiang Furun Digital Technology Co., Ltd. from Furun Holding Group Co., Ltd. for approximately CNY 400 million.
ZHEJIANG FURUN DIGITAL TECHNOLOGY CO.,LTD 
