Shulou(Shulou.com)11/24 Report--

Thank CTOnews.com netizens Nan Lugu Lane for the clue delivery! According to CTOnews.com news on July 27, Ziguang issued a progress announcement on major asset restructuring yesterday (hereinafter referred to as the "announcement"), revealing the latest progress of the proposed purchase of a 49 per cent stake in Xinhua 3 Group Co., Ltd by Ziguang International Information Technology Co., Ltd., a wholly-owned subsidiary.

The official website of Tuyuan Ziguang Group announced that since the disclosure of the "major asset purchase plan", the company and related parties have actively promoted the work of this transaction. As of the date of disclosure of this announcement, the audit and evaluation work involved in this exchange has not yet been completed. After the completion of the relevant audit and evaluation work, the company will reconvene the board of directors to review the relevant matters of the transaction, and the board of directors will convene a general meeting of shareholders to consider the proposals related to the transaction.

According to previous reports from CTOnews.com, Ziguang issued the "Major Asset purchase Plan of Ziguang Co., Ltd." in May this year, intending to purchase its 48% stake in Xinhua Group Co., Ltd. from H3C Holdings Limited through its wholly-owned subsidiary Ziguang International Information Technology Co., Ltd. and 1% stake in Xinhua Group Co., Ltd. from Izar Holding Co in the form of cash payment. Total purchase of 49% stake in Xinhua Group Co., Ltd.

In this deal, HPE Cayman's 48 per cent stake in Xinhua is valued at $3428535816 (CTOnews.com Note: currently about 24.514 billion yuan), Izar Holding Co's 31 per cent stake in Xinhua is valued at $71464184 (currently about 511 million yuan), and Xinhua's 39 per cent stake is valued at $3.5 billion (currently about 25.025 billion yuan).

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