Luoman Technologies plans to acquire a 39.23% stake in Wutong High-tech for 196 million yuan
Luoman Technologies plans to acquire a 39.2308% stake in Wutong High-tech for 196 million yuan, after which it will become a subsidiary. The company will primarily engage in AIDC computing power infrastructure integration services. This move will help the company expand into new markets, deepen technological research and development cooperation, enhance the stability of customer partnerships, and increase diversified revenue sources and profit growth potential
According to the Zhitong Finance APP, Luoman Technologies (605289.SH) announced that the company plans to acquire 39.2308% of the equity of Shanghai Wutongshu High-tech Co., Ltd. (referred to as "Wutong High-tech") held by Shanghai Wutongshu Technology Development Co., Ltd. (referred to as "Wutong Technology") for cash of 196 million yuan. Upon completion of this transaction, the target company will be included in the company's consolidated financial statements and become a subsidiary controlled by the company.
The target company mainly engages in AIDC computing power infrastructure integration services. This transaction will help the company expand into new market areas. After the transaction is completed, through deepening cooperation in technology research and development between Luoman Technologies and Wutong High-tech, and strengthening synergy in market resources, both parties will promote efficient sharing of resources such as technology and channels, as well as co-creation of value, thereby further enhancing the stability and stickiness of customer cooperation, laying the foundation for the company to diversify its revenue sources and gain more profit growth space
