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Technology tycoon sells to Jinyi Culture, a high-premium acquisition behind a high-stakes gamble.
Extremes lead to opposites; after the worst comes the best. Recently, ST Jin Yi (002721.SZ) announced a plan to acquire 43.18% of Beijing Kaike Weishi Technology Co., Ltd. (hereinafter referred to as "Kaike Weishi") for 0.412 billion yuan in Cash / Money Market, with a valuation increase rate of 103% for the target company. In this transaction, Jin Yi Culture will also gain a total of 57.48% voting rights in Kaike Weishi through the acceptance of voting rights entrustment, thus achieving control and consolidation. This is the first merger and acquisition transaction promoted by Jin Yi Culture since the funding chain crisis in 2018 and the entry of Haidian State-owned Assets.
Beijing Kingee Culture Development to Acquire Controlling Stake in Caco-Weishi
Special Treat Jin Yi (002721.SZ): intends to acquire a 43.18% stake in Kaike Weishi and gain control.
On March 10, Gelonghui reported that ST Jin Yi (002721.SZ) announced that the company intends to purchase 17,435,454 shares (representing 43.18% of the total equity of the symbol) of Peking Kaike Weishi Technology Co., Ltd. (referred to as "Kaike Weishi" or "the target company") with its own funds. Meanwhile, the company will acquire the voting rights of 5,772,066 shares (representing 14.30% of the total equity of the symbol) of Kaike Weishi through voting rights entrustment. After the completion of this Trade, the company will control a total of 23,207,520 voting rights of Kaike Weishi (accounting for the majority).
Express News | Special Treat Jin Yi: Plans to acquire 43.18% equity of the financial software company Kaike Weishi for 0.413 billion yuan and gain control.
ST Jinyi (002721.SZ): The company has not yet integrated deepseek or other AI software.
On March 3, Gelonghui reported that ST Jinyi (002721.SZ) stated on the investor interaction platform that the company has not yet integrated deepseek or other AI software.
Special Treat Jinyin (002721.SZ): 1 new directly operated store added in January.
On February 14, Gelonghui reported that Special Treat Jinyi (002721.SZ) announced that in January 2025, the company opened one new directly-operated store under its brand, located in Peking Jinyi Chengdu SKP.