Zhitong Finance App News, Cassic Security (688225.SH) released a major asset purchase and related transaction report (draft). Cassic Security plans to jointly fund the establishment of ASCIN Jinxin through wholly-owned subsidiaries ASCIN, ASIC Chengdu, and Kehai Investment and Smart Fund (ASCIN Jinxin as general partner of ASCIN and actually controls ASCIN Jinxin, CICA Chengdu, Kehai Investment and Smart Fund as limited partners of ASCIN), and ASIC Jinxin will jointly fund the establishment of ASCIN through ASCIN and ASIC Jinxin, and CITIC Jinxin will jointly fund the establishment of ASCIN Set up an overseas wholly-owned subsidiary as the acquirer to pay Cash was used to purchase 19.236% or 20.316% of ASIC Technology's shares held by SKIPPER INVESTMENT LIMITED; at the same time, voting rights corresponding to 9.572% to 9.605% of ASIC Technology's shares held by Tian Suning and Info Addition, PacificInfo, and CBC Partners under its control immediately following the share acquisition and settlement were obtained.
After the transaction is completed, the listed company will become the controlling shareholder of ASIC Technology. In the case of purchasing 19.236% of ASIX Technology's shares, the listed company will indirectly control 28.808% to 28.841% of ASIX Technology's voting rights after this transaction; in the case of purchasing 20.316% of ASIX Technology's shares, the listed company will indirectly control 29.888% to 29.921% of ASIX Technology's voting rights after this transaction.
In the case where the listed company purchased 19.236% of ASIX Technology's shares, the transaction consideration was HK$1.7 billion; in the case where the listed company purchased 20.316% of ASIX Technology's shares, the transaction consideration was HK$1,796 billion.
According to reports, ASIX Technology is a leading domestic provider of software products, solutions and services. It comprehensively uses full-stack digital intelligence capabilities such as consulting and planning, product development, implementation and delivery, system integration, data operation, intelligent decision-making, and customer service to provide end-to-end, full-link digital intelligence services for thousands of industries. ASIC Technology has been deeply involved in the digital field for more than 30 years. It has advanced technical capabilities and many successful cases in the fields of 5G, cloud computing, big data, artificial intelligence, Internet of Things, digital intelligence, intelligent operation, business and network support systems. Customers span telecom operators, radio and television, energy, government, transportation, finance, postal and other industries.
Adhering to the “one consolidation, three development” strategy, ASIX Technology adheres to “double product and service leadership”, consolidates its leading position in the BSS market with high quality, and develops emerging businesses such as digital intelligence operations, vertical industry digitalization, and OSS at a high speed. ASIX has actively embraced advanced technologies such as 5G, cloud computing, big data, AI, and the Internet of Things, and has formed three major product systems: cloud network, digital intelligence, and IT.
Through this transaction, listed companies will further build a competency system that “understands the Internet, understands the cloud, and understands security”, enhance the integration capabilities of “cloud network security”, extend and enhance the company's overall solution strength. After the transaction is completed, the two sides are expected to achieve collaborative development in various key information infrastructure industries such as telecom operators, while cooperating in sharing business opportunities and cross-selling, which will have a positive effect on expanding the business of listed companies and enhancing their ability to operate continuously.