Newtouch's subsidiary plans to acquire 49% equity in Shenzhen Hengdao for 48.2356 million yuan
Newtouch's wholly-owned subsidiary Shenzhen Newtouch plans to acquire 49% equity in Shenzhen Hengdao for 48.2356 million yuan. This move aligns with the company's strategic layout in the South China region and is expected to enhance its expansion and delivery capabilities in the small and medium-sized bank market. Upon completion of the transaction, Shenzhen Hengdao will become a wholly-owned subsidiary of the company, helping to optimize the industrial structure and strengthen the company's competitiveness. The transaction is expected to have no significant adverse impact on the company's normal operations and future financial condition
According to the announcement from Newtouch Software (688590.SH), its wholly-owned subsidiary, Shenzhen Newtouch Software Co., Ltd. (referred to as "Shenzhen Newtouch"), plans to acquire a 49% stake in Shenzhen Qianhai Hengdao Zhirong Information Technology Co., Ltd. (referred to as "Shenzhen Hengdao") for a transaction amount of 48.2356 million yuan.
This transaction aligns with the company's strategic layout in the South China region. After the completion of the transaction, Shenzhen Hengdao will become a wholly-owned subsidiary of the company, further enhancing the company's market expansion capabilities among small and medium-sized banks in South China, as well as its delivery capabilities in the South China region and the development of its downstream industrial chain business. It will optimize the industrial structure and facilitate the company in integrating and absorbing high-quality resources to enhance its sustainable profitability and overall competitiveness, continuously promoting the company's steady development. This transaction will not affect the company's normal operations and is expected not to have a significant adverse impact on the company's future financial status and operational development
