--- title: "ST Kingee plans to acquire a 43.18% stake in Kaike Weishi to achieve a strategic transformation towards the software information field" type: "News" locale: "en" url: "https://longbridge.com/en/news/231207385.md" description: "ST Kingee plans to acquire a 43.18% stake in Kaike Weishi with its own funds, with a transaction price of 412 million yuan. After the acquisition, ST Kingee will control 57.48% of the voting rights of Kaike Weishi, making it a subsidiary. Kaike Weishi focuses on software development for the financial industry, dedicated to digital transformation and artificial intelligence applications. This merger and acquisition will assist ST Kingee in strategically transforming towards the software information field, expanding into insurance, funds, and other financial institutions" datetime: "2025-03-10T11:12:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/231207385.md) - [en](https://longbridge.com/en/news/231207385.md) - [zh-HK](https://longbridge.com/zh-HK/news/231207385.md) generator: "portal-rs" --- # ST Kingee plans to acquire a 43.18% stake in Kaike Weishi to achieve a strategic transformation towards the software information field According to the announcement from Zhitong Finance APP, ST Kingee (002721.SZ) plans to use its own funds to acquire 17.4355 million shares of Beijing Kaike Weishi Technology Co., Ltd. (hereinafter referred to as "Kaike Weishi" or "target company"), accounting for 43.18% of Kaike Weishi's total share capital. At the same time, the company will obtain the voting rights of 5.7721 million shares of Kaike Weishi (accounting for 14.30% of Kaike Weishi's total share capital) through the acceptance of voting rights entrustment. The transaction price for the 43.18% stake in Kaike Weishi is set at 412 million yuan. Upon completion of this transaction, the company will control a total of 23.2075 million shares of Kaike Weishi's voting rights (accounting for 57.48% of the total voting rights of Kaike Weishi), making Kaike Weishi a subsidiary of the company and included in the company's consolidated financial statements. It is reported that Kaike Weishi is a national high-tech enterprise focused on the development and service of application system software for the financial industry. It mainly provides software development and technical services, operation and maintenance, and consulting services in areas such as wealth management, financial markets, payment and clearing, and intelligent digital customer service for financial institutions. The company is committed to the digital transformation of key applications in the financial industry and actively promotes the demonstration application of artificial intelligence large model technology in the financial field. Kaike Weishi's products and services have been selected by many domestic financial institutions, covering leading institutions in various banks and wealth management subsidiaries, as well as large state-owned banks, joint-stock banks, and city commercial banks. It is gradually expanding to provincial rural credit unions, provincial rural commercial banks, and their thousands of subordinate rural commercial banks, rural credit cooperatives, trusts, and other banking financial institutions, holding a high market share in specialized product lines for banks and establishing a good brand image. The announcement states that through this acquisition, the company can smoothly enter the "software and information technology services" sector, leveraging the rich experience accumulated by the target company in the banking industry to actively expand into other financial institutions such as insurance, funds, and their asset management subsidiaries, securities firms, as well as broader key industries and business scenarios such as smart cities. Through external mergers and acquisitions, the company aims to continuously strengthen its presence in the software information field and achieve a strategic transformation from the gold and jewelry industry to the software information sector ### Related Stocks - [002721.CN](https://longbridge.com/en/quote/002721.CN.md) - [XLF.US](https://longbridge.com/en/quote/XLF.US.md) ## Related News & Research - [This Little-Known Software Stock Just Set a New All-Time High](https://longbridge.com/en/news/297539706.md) - [Car owners want tech they can ignore](https://longbridge.com/en/news/297547365.md) - [WH-Satano Announces Expanded Online Gaming Software Catalog and Consumer Support Initiative](https://longbridge.com/en/news/297525451.md) - [JGIA-backed SIVA takes stake in travel software firm We Can](https://longbridge.com/en/news/297583780.md) - [Dataproces logs 7 data analytics agreements in Denmark in August, monthly sales update shows](https://longbridge.com/en/news/297606709.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**