Jinshan software to Cheetah transfer 20% Japan Jinshan stake

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March 18 Evening News, Jinshan Software (03888.HK) today issued a notice, in today with the Cheetah (Jinshan online wholly-owned subsidiaries) signed a transfer agreement, Jinshan software will be 614.04 million yen (about 46.48 million) of the price to the cheetah to sell 20% Japanese Jinshan stake.

After the transaction is completed, Jinshan software will still hold 51% of Japan's Jinshan stake, of which 20% will be held by the Golden Hill online through the cheetah. In addition, according to the transfer of shares agreement, the cheetah will be its Japan Jinshan any shareholder meeting of the vote indefinitely in Kingsoft software. Jinshan Software still holds 51% of the voting rights of Japan Jinshan, Japan Jinshan continue to be a subsidiary of Jinshan Software.