Juncheng Technology: Signs Supplementary Agreement, Plans to Acquire 44.5312% of Jiangsu Xintongda's Shares
2026-11-12 19:16:04
According to CoinMeta, JunCheng Technology announced the signing of a supplementary agreement to acquire 44.5312% of the shares in Jiangsu Xintongda. Previously, JunCheng Technology had disclosed its intention to acquire shares in Jiangsu Xintongda in cash, with the transaction expected to constitute a major asset reorganization and related party transaction. According to the announcement, the supplementary agreement signed by the company and all parties involved in the transaction adjusts the target acquisition to 2.3203 million shares held by Xu Suozhang and 17.7188 million shares held by Xu Yimeng, totaling 20.0391 million shares, which represents 44.5312% of Jiangsu Xintongda's total share capital as of the date of signing the supplementary agreement. The company agrees to pay an exclusive consideration of RMB 9 million within 3 working days from the date of signing the supplementary agreement, which will be offset against the transaction price on the day after all delivery prerequisites are met or exempted in writing by the company. If the transaction is terminated or the original agreement is dissolved, the transaction counterparties shall refund the full amount. The transaction is still in the planning stage, with due diligence, auditing, and valuation not yet fully completed, and the formal agreement has not been signed yet. Additionally, decision-making and approval procedures still need to be carried out.
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Source:Jin10 Data
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