ST YSDZ: Plans to sign a memorandum to advance a major asset purchase transaction worth 3.35 billion yuan

Zhitong
2025.11.03 11:06

*ST YSDZ announced that the company plans to purchase 100% equity of three companies including Zhong'en Cloud Data Technology for 3.35 billion yuan in cash, having already paid the first phase of the temporary transaction price of 335 million yuan. The company's sixth board of directors' twenty-ninth meeting and the supervisory board reviewed and approved the proposal, signing the Memorandum of Agreement for Cash Purchase of Assets with the counterparty, which has come into effect. The memorandum extends the payment deadline for the second phase of the temporary transaction price to November 25, 2025, and clarifies matters related to creditor and debtor handling. If the transaction is successfully completed, it will enhance the company's ability to resist risks, but there are risks related to funding procurement

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