Three Group (605168.SH) subsidiary plans to increase capital by 285 million yuan to acquire 33% of Wuhu Yungang shares

Zhitong Finance App News, Three People (605168.SH) announced that Beijing Sanxing Times Intelligent Computing Technology Co., Ltd. (“Times Intelligent Computing”), a wholly-owned subsidiary of the company, plans to use its own funds or self-financing to invest 285 million yuan in the form of a capital increase to acquire 33% of the shares of Wuhu Yungang Data Technology Co., Ltd. (“Wuhu Yungang” for short), a project carrier company under Zhonglian Data Group. After the investment is completed, Times Intelligence will hold 33% of Wuhu Yungang's shares, and Wuhu Yungang will not be included in the scope of the company's consolidated statements.

According to reports, the target company, Wuhu Yungang, is promoting the construction of the Zhonglian Wuhu New Computing Power Industrial Park project. Its main business is to provide customers with equipment hosting, customized computer rooms, racks, and supporting resources. The company is optimistic about the development prospects of Wuhu Yungang in the digital economy infrastructure field. Since the target has not yet been profitable, after careful investigation and judgment by the company, it did not obtain a controlling interest in the target company this time, and the company participated in it after the investment was completed. The company lays out new businesses across industries. There is a risk that business synergy will fall short of expectations, and the new business faces high industry barriers and operational uncertainty.