Fangzhi Technology (300235.SZ) plans to acquire 100% equity of Zhixiang Technology for 116 million yuan.

Wisdom Financial News APP, Fangzhi Technology (stock code 300235.SZ) announced that the company plans to acquire 100% equity of Beijing Zhixiang Technology Development Co., Ltd. (hereinafter referred to as "Zhixiang Technology" or "target company") in cash, with a confirmed transfer price of 116 million yuan.