<p>HUITONGDA NET (09878.HK) announced the acquisition of 57% equity in Tibet Border Information Technology from two independent third parties. The latter is a technology company focused on e-commerce and retail enterprises, providing full-stack services covering &#34;AI products&#34; and &#34;intelligent solutions,&#34; with a cash consideration of RMB 456 million, to be paid with self-raised funds</p>

09878

<p>HUITONGDA NET announced the acquisition of 57% equity in Tibet Border Information Technology from two independent third parties. The latter is a technology company focused on e-commerce and retail enterprises, providing full-stack services covering "AI products" and "intelligent solutions." The cash consideration is RMB 456 million, which will be paid using self-raised funds</p>

HUITONGDA NET acquires a 57% stake in intelligent technology business for a consideration of 456 million RMB