Minglue Technology-W announced that Beijing Minglue Zhaohui Technology Co., Ltd., an indirect wholly-owned subsidiary of the company, signed share transfer agreements with 16 sellers to acquire 754.73,900 shares of Pulian Software at a total cash cost of RMB 859 million, accounting for about 19.07% of its issued share capital. Once completed, the buyer will become the holding shareholder of Pulian Software. At the same time, the board of directors resolved to reallocate the total unused amount of RMB 450 million from the net proceeds of the global sale from technology research and development to strategic investment and mergers and acquisitions.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.