Shanghai Steel Union (300226.SZ) announced that Shanghai Steel Union Technology Service Co., Ltd., a wholly-owned subsidiary of the company (abbreviation “...
Zhitong Finance App News, Shanghai Steel Union (300226.SZ) announced that Shanghai Steel Union Technology Service Co., Ltd. (“Steel Union Technology”), a wholly-owned subsidiary of the company, plans to use 172 million yuan of its own capital to purchase 37.21% of the total shares held by minority shareholders of the company's holding subsidiary Shandong Longzhong Information Technology Co., Ltd. (“Target Company”), including the related party Shanghai Xingshang Investment Co., Ltd. (“Xingshang Investment”), holds 28.87% of Longzhong Information's shares, and Pan Long holds 5.17% of Zhonglong Information's shares Ruixiu Holds 3.16% of Longzhong Information's shares. The above parties signed the “Share Transfer Agreement” on April 8, 2024. The assessed value of the total equity value of the shareholders of the target company was 463.0 million yuan, and the transfer price of the underlying shares was determined through negotiations and agreement between the parties to determine the transfer price of 10.0025 yuan per registered capital.
According to reports, as an important holding subsidiary of the company, Longzhong Information is mainly engaged in industrial data service business in the energy and chemical industry, and has a stable market share and customer base in this segment. The company is one of the world's leading commodity and related industry data service providers. According to the company's development strategy for the rapid expansion of industrial data services, on the premise of guaranteeing the capital required for daily operations, the company uses its own capital to increase investment in the energy technology sector, which is in line with the company's overall strategic layout, which is conducive to consolidating and enhancing its overall competitiveness and ensuring that the enterprise can continue to grow bigger and stronger in the future.