Chungying Technology: intends to acquisition 55% equity of Suzhou Botemon

On October 21st, Jin10 Data reported that China-UK Technology announced that the company is planning to acquire 55% equity of Botmon in cash and obtain controlling rights. The estimated valuation range of the target company is between 1.3 billion yuan and 1.6 billion yuan. This transaction is expected to constitute a major asset restructuring, and confidentiality and intention protocols have been signed, with specific plans still under discussion.

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