Jiaxun Feihong Electrical (Beijing) is buying a 55.1% interest in Liujie Technology (Beijing). The value of the transaction is CNY 259.12 million (USD 37.78 million).
Jiaxun Feihong already owns 30% of Liujie, a developer of network communication and monitoring software for railway systems. The deal to increase its stake to 85.13% represents its largest acquisition to date.
Jiaxun Feihong has appointed Huatai United Securities as a financial advisor and the transactions remain subject to approvals from stockholders and the China Securities Regulatory Commission.
Share on:
