Shiji Information takes 50.51% of eFuture Information for US$16 million
Shiji Information (Hong Kong) has forked out US$16.7505 million to acquire 2.454 million ordinary shares of eFuture Information Technology at US$6.826 per share.
Shiji Information (Hong Kong) has forked out US$16.7505 million to acquire 2.454 million ordinary shares of eFuture Information Technology at US$6.826 per share. The acquired shareholding is equivalent to 50.51% of eFuture’s total issued shares of 4.8587 million shares as of September 30, 2015.
Shiji Infomation's office
After this transaction, Shiji Information holds at least 30% of eFuture’s shares, and the transaction does not constitute major asset restructuring or connected transaction.
Mobile online pioneer eFuture Information is a high-growth Chinese software and solutions provider for consumer products and the retail industry. It provides complete channel solutions, mobile interactive shopping and local services for over 1,000 domestic and international consumer product brands and retail companies.
Shiji Information said its strategic direction remains unchanged as it’s in a crucial stage of transitioning to be a tourism consumer information service platform provider.
In line with the company’s current development pace and its overall development strategy, its acquisition of eFuture’s equity will help accelerate the development of the company’s platform in the big consumption industries, and facilitate the development of platform services for traditional hotel and retail industries.
The move is expected to help the company provide comprehensive information solutions for China’s travel consumption industry. (Translation by David)