---
title: "REGO INTERACT's subsidiary plans to purchase all of the existing issued shares of Cai Ping Fang Technology for 18.3 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/246646473.md"
description: "REGO INTERACT announced that its wholly-owned subsidiary Hangzhou REGO Network Co., Ltd. will acquire all shares of Qicube Technology Co., Ltd. for RMB 18.3 million. The company mainly engages in welfare lottery and marketing services, and the acquisition aims to expand the group's customer base in the lottery business and enhance the synergy among various business segments. The acquisition price is at a 20% discount compared to the market valuation, aligning with the group's future development plans"
datetime: "2025-06-30T10:12:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/246646473.md)
  - [en](https://longbridge.com/en/news/246646473.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/246646473.md)
---

# REGO INTERACT's subsidiary plans to purchase all of the existing issued shares of Cai Ping Fang Technology for 18.3 million yuan

According to the announcement from REGO INTERACT (02422), on June 30, 2025, the buyer Hangzhou Rungo Network Co., Ltd. (a wholly-owned subsidiary of the company) entered into a share transfer agreement with three sellers, under which the sellers conditionally agreed to sell, and the buyer conditionally agreed to purchase all existing issued shares held by the sellers in the target company, for a consideration of RMB 18.3 million.

The target company, Cai Ping Fang Technology Co., Ltd., is a limited company established in China, primarily engaged in the welfare lottery business (distributing lottery tickets and providing related services through physical channels) and marketing services. The target company is beneficially owned by (i) Seller One, Xi'an Tiantai Huitou Enterprise Management Group Co., Ltd., with a 36% stake; (ii) Seller Two, Xi'an Rongcai Chuangtou Enterprise Management Consulting Partnership (Limited Partnership), with a 10% stake; (iii) Seller Three, Pingyang Huihe Equity Investment Partnership (Limited Partnership), with a 49% stake; and (iv) the company's indirectly wholly-owned subsidiary, Xi'an Tiantai Innovation Technology Co., Ltd., with a 5% stake.

The group is primarily engaged in providing enterprise digital services and industry digital services in China. To further develop and expand the one-stop lottery solution business within the industry digital services, the group has been actively considering and exploring various opportunities in the market to acquire suitable target companies. Based on the following factors, the acquisition aligns with the group's future development plans:

The target company has a large number of sales channels and resources in the lottery field, as well as offline stores, which is beneficial for expanding the group's customer base in the lottery business; the acquisition will help the group establish a national lottery system, strengthen the synergy among the group's various business segments, and is of significant importance for the development of the group's business in the lottery field; and according to the valuation report prepared by an independent qualified appraiser based on the market approach, the final acquisition price represents a 20% discount compared to the assessed value, with the final price set at RMB 18.3 million

### Related Stocks

- [02422.HK](https://longbridge.com/en/quote/02422.HK.md)
- [C76.SG](https://longbridge.com/en/quote/C76.SG.md)

## Related News & Research

- [Barnes & Noble CEO is fine with stocking AI-written books — if they're labeled. The internet had thoughts.](https://longbridge.com/en/news/287084103.md)
- [Dahlonega Now a ‘Gig-Ready’ Community from Kinetic’s Fiber-Optic Network Expansion](https://longbridge.com/en/news/287079090.md)
- [Tencent Music completes $2.6 billion acquisition of podcast platform Ximalaya](https://longbridge.com/en/news/286841981.md)
- [Allen & Heath Rolls Out New SQ+ Lineup of Digital Mixers Announced; First Look YouTube Video on SQ5+,   SQ6+, and   SQ7+ Digital Mixers at B&H](https://longbridge.com/en/news/287101198.md)
- [ZAWYA: Dubai Autodrome, a subsidiary of Union Properties, closes standout season with 88,700+ experiences and major events line-up](https://longbridge.com/en/news/287043713.md)