
Suochen Technology plans to acquire 60% equity of Likong Technology for 192 million yuan, constituting a major asset reorganization

Suochen Technology plans to acquire 60% equity of Likong Technology for 192 million yuan through its wholly-owned subsidiary Digital Technology, constituting a major asset reorganization. After the transaction, Likong Technology will become its secondary holding subsidiary. Likong Technology focuses on SCADA software and is committed to promoting the digital transformation of the manufacturing industry. This acquisition will help Suochen Technology provide full lifecycle solutions and promote high-quality development in the industrial software field
ZhiTong Finance APP news, Suochen Technology (688507.SH) announced that the company intends to acquire 60% equity of Likong Technology held by 10 shareholders including Ma Guohua, Tian Xiaoliang, and Qianhai Equity Investment Fund (Limited Partnership) through its wholly-owned subsidiary Digital Technology. Upon completion of the transaction, Likong Technology will become a secondary holding subsidiary of the company. The transaction price is 192 million yuan, and this transaction constitutes a major asset restructuring.
The target company has been deeply engaged in the SCADA software field for over twenty years, forming an industrial automation software product system centered on SCADA products, highly empowering key manufacturing sectors to transform and upgrade towards digitalization and intelligence, providing manufacturing clients with intelligent production management systems that ensure process stability, efficient operation, precise control, and safety assurance. Through this acquisition, Suochen Technology will be able to provide customers with full lifecycle solutions from research and development design to production manufacturing, and is expected to achieve innovative breakthroughs in physical AI, providing new momentum for the high-quality development of China's industrial software sector

