Subsidiary of Shanghai Suochen Information Technology (688507.SH) intends to purchase a portion of the minority equity of Fudi Guangtong for 86.4 million yuan.
Sotech Technology (688507.SH) announced that its wholly-owned subsidiary, Shanghai Sotech Digital Technology Co., Ltd. (referred to as "Digital Technology"), intends to purchase 48% of the equity of its controlling subsidiary, Beijing Fudi Guangtong Technology Development Co., Ltd. (referred to as "Fudi Guangtong"), currently held by minority shareholders Zhang Xiyin, Xin Zhitao, and Wan Wuguo, for a total of 86.4 million yuan. After this transaction is completed, Digital Technology will hold 100% of the equity of the target company. The target company will become a wholly-owned subsidiary of the company, and the scope of the consolidated financial statements of the company will remain unchanged.
Shanghai Suochen Information Technology (688507.SH) announced that its wholly-owned subsidiary, Shanghai Suochen Digital Technology Co., Ltd. (referred to as "Digital Technology"), is planning to purchase 48% of the equity of its controlling subsidiary, Beijing Fudi Guangtong Technology Development Co., Ltd. (referred to as "Fudi Guangtong"), from minority shareholders Zhang Xiying, Xin Zhitao, and Wan Wuguo for 86.4 million yuan. After this transaction is completed, Digital Technology will hold 100% of the equity of the target company. The target company will become a wholly-owned subsidiary of the company, with no change in the company's consolidated financial statements.
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