Xintian Technology Control Change Planned as Liu Yang Takes Over at 90% Premium

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Summary · why it matters

Xintian Technology is set for a change of control, as Liu Yang, the actual controller of Dongxin Marketing Technology, plans to take over, with the deal carrying a 90% premium. Shi Weiping, the current actual controller of Xintian Technology, and other shareholders have signed a share transfer agreement with Shenzhen Yuanqi Wuxian Technology Partnership. The latter intends to acquire 43.4224 million shares, representing 22.5% of the listed company's total share capital, at a transfer price of 16.58 yuan per share, for a total consideration of 720 million yuan. Xintian Technology's share price before suspension was 8.69 yuan per share. After the transaction, Shenzhen Yuanqi will become the controlling shareholder, and the actual controller will change to Liu Yang. Shi Weiping's stake will drop to 20.48%, and he has pledged not to seek control. Shenzhen Yuanqi has committed to increasing its stake by no less than 5% within 12 months after the transfer to maintain a gap of more than 7% with Shi Weiping's holding. Liu Yang previously worked at Huawei, and the Dongxin Marketing Technology he controls is engaged in AI marketing and has twice failed in its IPO attempts on the Hong Kong Stock Exchange. Shenzhen Yuanqi is 99.90% owned by a wholly-owned subsidiary of Dongxin Marketing Technology. Shenzhen Yuanqi stated that it has no plans to inject assets within the next 36 months and will not change the main business within 12 months, and will leverage resources in the communications industry to drive the listed company's upgrade toward smart manufacturing.

Impact on assets 1

Others▲
Xdc Industries Shenzhen Ltd
300615
▲ PositiveCapitalrelevance

Change of control at 90% premium with new controller committed to increasing stake and driving smart manufacturing upgrade.

Off-coverage companies 2

Donson Marketing Technologyi
Private▲ PositiveCapitalrelevance

Its subsidiary acquires control of Xintian Technology, expanding its listed platform despite previous IPO failures.

深圳元启无限科技合伙企业（有限合伙）i
Private± Mixedrelevance