Huitongda Network Acquires 57% Stake in Tibet Boundary Information Technology

Reuters
Dec 09
Huitongda Network Acquires 57% Stake in Tibet Boundary Information Technology

Huitongda Network Co., Ltd. has provided a further update regarding its acquisition of a 57% equity interest in Tibet Boundary Information Technology Co., Ltd. from Mr. Liu Haopu. The consideration for the deal was determined based on the appraised value of the target company as of the appraisal benchmark date, following arm's length negotiations and a focus on long-term strategic complementarity. The valuation for the transaction was conducted using the income approach by Jinzheng (Shanghai) Asset Appraisal Co., Ltd. This update follows an earlier announcement made on November 18, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huitongda Network Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251209-11949400), on December 09, 2025, and is solely responsible for the information contained therein.

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