Huitongda Network Co., Ltd. (9878.HK), Thursday announced an Equity Acquisition Agreement with Boundary Consulting, an intelligent technology company, to acquire a 57 percent stake in the latter for RMB 456 million.
Upon completion, Boundary Consulting will become a subsidiary of Huitongda. Also, both companies will drive deeper integration and continuous advancement of the '5+ Empowerment' strategy, which are expected to create notable improvements in operational capabilities, service quality, and customer stickiness across Huitongda's member stores and industry partners.
Huitongda's stock closed at HKD 10.500 on the Hong Kong Stock Exchange.
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