Borui Communications (600880.SH) plans to acquire 51% of each Jingtech's shares for 66.49 million yuan

Zhitong Finance App News, Borui Communications (600880.SH) announced that the company plans to use its own funds to acquire a total of 51% of the shares in every Jingshui (Chengdu) Technology Co., Ltd. (hereinafter referred to as “Beijing Technology” or “Target Company”) from related parties. Among them, all of its shares, or 33.26%, were acquired from the related party Chengdu Media Group, and 17.74% of its shares were acquired from the related party Chengdu Baijing Media Co., Ltd. (hereinafter referred to as “Beijing Media”). Based on the assessed market value pricing, the transaction price was determined to be RMB 66.492 million. After the transaction is completed, Beijing Technology will become a holding subsidiary of the company and will be included in the scope of the company's consolidated statements.

The target company is a high-tech enterprise focusing on enterprise-level AI application tracks, with self-developed intelligent software products and scenario-based solutions as the core, and gradually forming large-scale applications in the field of intelligent communication. The past few years have all been in a period of product matrix development and market expansion, and with the maturity and improvement of the product system, it is expected to enter a period of growth.

After the transaction was completed, every technology entered the scope of the company's consolidated statements. The company will comprehensively promote the linkage between technology, products, channels, customers, etc. with the company's existing smart management, new media and other business segments, and develop through effective exploration and gradual integration, with a view to exploring new products and new business growth points.