Beijing Yitang Xincheng Technology Partnership Enterprise (Limited Partnership) signed Share Transfer Agreement to acquire a 6.22% stake in NavInfo Co., Ltd. (SZSE:002405) from China Siwei Surveying and Mapping Technology Co., Ltd. for CNY 2.1 billion on July 31, 2023. Under the terms, 147,843,309 shares will be acquired at a price of CNY 14.08 per share. Beijing Yitang Xincheng Technology will pay 30% of the consideration within 5 working days of this agreement. The transaction is subject to approval by China Aerospace Science and Technology Corporation.
Beijing Yitang Xincheng Technology Partnership Enterprise (Limited Partnership) completed the acquisition of 6.22% stake in NavInfo Co., Ltd. (SZSE:002405) from China Siwei Surveying and Mapping Technology Co., Ltd. on October 16, 2023.