Brief: Pintec Technology Holdings Ltd To Acquire 40% Of Shenzhen Xinyuhao Technology Co., Ltd. And To Expand Its Commercial Factoring Business

J and Friends Holdings

29/11/2019 19:30

Nov 29 (Reuters) - Pintec Technology Holdings Ltd  PT.O :
    * PINTEC TECHNOLOGY HOLDINGS LTD - TO ACQUIRE 40% OF
SHENZHEN
XINYUHAO TECHNOLOGY CO., LTD. AND TO EXPAND ITS COMMERCIAL
FACTORING BUSINESS
    * PINTEC TECHNOLOGY HOLDINGS LTD - CO'S UNIT FORMED A
LIMITED
PARTNERSHIP WITH YINCHUAN FUND
    * PINTEC TECHNOLOGY HOLDINGS LTD - IT WILL ACQUIRE 40% OF
SHENZHEN
XINYUHAO TECHNOLOGY CO., LTD. FOR RMB200,000
    * PINTEC TECHNOLOGY HOLDINGS LTD - CO AND YUNNAN
ZHONGZHIYUAN
INTEND TO EXPAND SHENZHEN GUOYU’S COMMERCIAL FACTORING BUSINESS
    * PINTEC TECHNOLOGY HOLDINGS LTD - THE ACQUISITION WILL BE
CARRIED
OUT THROUGH ANQUYING (TIANJIN) TECHNOLOGY CO., LTD
    * PINTEC TECHNOLOGY HOLDINGS LTD - UNIT TO CONTRIBUTE RMB300
MILLION TO LIMITED PARTNERSHIP & YINCHUAN FUND, AS LIMITED
PARTNER, TO CONTRIBUTE RMB200 MILLION
    * PINTEC TECHNOLOGY HOLDINGS LTD - LIMITED PARTNERSHIP WILL
BE
NAMED HUATAI (NINGXIA) ENTERPRISE CONSULTING SERVICE PARTNERSHIP
    * PINTEC TECHNOLOGY HOLDINGS LTD - LIMITED PARTNERSHIP WILL
ACQUIRE 40% OF NEWLY FORMED ENTITY TO BE NAMED PINTEC YINCHUAN
FOR RMB500 MILLION

Source text - (http://bit.ly/2rCtrj9)
Further company coverage:  PT.O 

 ((Reuters.Briefs@thomsonreuters.com;))