A unit of Neusoft Group (HKG:9616) agreed to acquire 4.2255% of the total paid-up capital of Dalian Xikang Yunshe Kang Travel Investment Management for 30 million yuan, a Tuesday Hong Kong bourse filing said.
Dalian Neusoft Ruixin Technology Group will purchase the paid-up capital from Xikang Healthcare Technology under the agreement.
On the same day, Dalian Neusoft Ruixin Technology Group agreed to make a 45 million yuan capital contribution to the target firm by way of cash.
The target will convert a little over 4.1 million yuan of its capital reserve into registered capital, with the newly increased registered capital being fully allocated to the buyer.
Dalian Xikang Yunshe Kang Travel Investment Management is currently 55.9176% held by Dalian Neusoft, a controlling shareholder of the company.
Following all three of the above actions, Dalian Neusoft will own a 52.5847% stake in the target, while Dalian Neusoft Ruixin Technology Group will hold around 9.9341% interest.
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