Zhejiang Rong Xin network to buy Hang Seng electronic case is currently in the review stage

Source: Internet
Author: User
Keywords Mergers and acquisitions Ali one foot
Tags .xin credit credit network electronics finance financial financial companies financial software

Absrtact: June 18 News, Ministry of Commerce spokesman Danyang said, Zhejiang Credit Network to buy Hang Seng electronic case is currently in the review stage. Hang Seng Electronics is the domestic securities, funds, trusts, financial companies and other financial sectors of the major software service providers, in the gold

June 18 News, Ministry of Commerce spokesman Danyang said, Zhejiang Credit Network to buy Hang Seng electronic case is currently in the review stage.

Hang Seng Electronics is the domestic securities, funds, trusts, financial companies and other financial sectors of the major software providers, in the financial software services market share of more than 90%, a monopoly. And the review will determine whether Ali can bypass antitrust challenges and "swallow" the Hang Seng electronics.

At the Ministry of Commerce's regular press conference, a reporter asked about the Hang Seng electronic problem. Danyang said that Zhejiang Rong Xin Network Technology Co., Ltd. is to buy Hang Seng Electronics Group Co., Ltd. full equity of the operators concentrated, "we have a case on June 4, is currently in the review stage." ”

April 2 This year, Hang Seng Electronics Co., Ltd. suddenly issued a prompt announcement that Zhejiang Rong Xin Network Technology Co., LTD will be the acquisition of its parent company, indirectly holding 20.62% of the shares of listed companies, thus becoming the new holding company of the Hang Seng electronic shareholders. The announcement shows that Ma Yun (micro-bo) in Zhejiang Credit in the shareholding ratio of 99.1365%, as the controlling shareholder and the actual control person; another Shei shareholding ratio of 0.8635%

June 3, the Hang Seng electronic indicative announcement, the first delivery of the deal was completed on that day, Zhejiang credit is currently holding a 24.12% stake in the Hang Seng Group, but to acquire the remaining 75.88% of the equity, but also the Ministry of Commerce's antitrust bureau to pass the review. For now, the case is still under review, but it is an important advance.

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