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Starnet Ruijie announced that the company plans to acquire 46% of the total shares of Guangzhou Xinde Communications Technology Co., Ltd. held by Chen Chunming, Rao Dongsheng, and Jiang Xiaomin in cash. The transaction price is set at 396 million yuan. After the transaction is completed, the company will hold 67% of Guangzhou Xinde's shares, and Guangzhou Xinde will become the company's holding subsidiary. The transaction set a performance promise, and the performance pledger promised that the net profit of the target company after deduction in 2026 and 2027 would not be less than 75 million yuan and 80 million yuan, respectively.
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Starnet Ruijie announced that the company plans to acquire 46% of the total shares of Guangzhou Xinde Communications Technology Co., Ltd. held by Chen Chunming, Rao Dongsheng, and Jiang Xiaomin in cash. The transaction price is set at 396 million yuan. After the transaction is completed, the company will hold 67% of Guangzhou Xinde's shares, and Guangzhou Xinde will become the company's holding subsidiary. The transaction set a performance promise, and the performance pledger promised that the net profit of the target company after deduction in 2026 and 2027 would not be less than 75 million yuan and 80 million yuan, respectively.
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