Guangdong Weide Information Technology Co. Ltd. APlanned acquisition of 51% stake in Xiamen Haisheng Rongchuang via subsidiary, expected major asset restructuring.

Weide Information announced that its controlling subsidiary Shuangzhou Technology is planning to acquire a 51% stake in Xiamen Haisheng Rongchuang Information Technology Company Limited for cash, which is expected to constitute a major asset restructuring. The transaction does not constitute a related-party transaction. It is currently in the planning stage, and the parties have not yet signed a formal agreement. The specific plan is still under careful deliberation, and there are still uncertainties regarding related matters and approvals.
Guangdong Weide Information Technology Co. Ltd. APlanned acquisition of 51% stake in Xiamen Haisheng Rongchuang via subsidiary, expected major asset restructuring.
As the acquiring subsidiary, Shuangzhou Technology is central to the planned acquisition.
Target of the acquisition; being acquired at a 51% stake for cash.