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Jiaoda Sino: Plans to acquire 60.28% equity of Beijing Exchange Xintong, stock resumes trading

MarsBitNews
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Mars Finance News: On May 25, Jiaoda Sinno (300851.SZ) announced that the company plans to acquire a 60.28% equity interest in Beijiao Xintong Chuanglian Technology Partnership (Limited Partnership) held by the partners, Ye Xi, Zhang Wei, Huang Hongliang, Tian Ying, and Zhong Kaiqiao, through issuing shares and paying cash. At the same time, it will issue shares to no more than 35 specific investors to raise supporting funds. After the completion of this transaction, the company will hold 100% of Beijiao Xintong Chuanglian. The target company mainly engages in the research and development, production, and sales of products related to dedicated network communication in the rail transit sector. This transaction will help enhance the company’s market position in the rail transit field and realize a diversified product layout. The company’s stock has been suspended since May 12, 2026, and will resume trading at the opening of business on May 26, 2026. (Company Announcement)
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GateUser-26374bb4
· 15h ago
Resumed trading on May 26th, just marking it down to see if the market accepts this valuation.
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SheepOnTheFarSideOfJupiter
· 16h ago
Beijing Jiaotong Xintong has built up solid experience in private network communication technology. This time, JiaoDa Sinno has effectively filled the gaps in the industry chain, and competition in the rail transit sector is getting fiercer and fiercer.
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ContrarianIndicatorMyself
· 16h ago
Cash + shares, both ensure liquidity and bind the team; the transaction structure is quite sophisticated.
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WalletEarlyAccessAlarm
· 16h ago
Dedicated rail transit communication networks still benefit from policy advantages in this niche market, but competition is fierce, and it's hard to say how much of the cake Sinno can actually get.
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BerryColdWallet
· 16h ago
Product diversification sounds good in theory, but in practice, integration is quite challenging, and it often results in 1+1<2.
View OriginalReply0

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