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China High Speed Railway Technology to acquire 100pct stake in Youluo Technology

July 12, 2018


Abstract : China High-Speed Railway Technology Co.(000008.SZ) announced on Thursday that the company planned to buy a 100 percent stake in Shenzhen Youluo Technology Co for about 1.8 billion yuan.

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BEIJING, July 12 (Xinhua) -- China High-Speed Railway Technology Co.(000008.SZ) announced on Thursday that the company planned to buy a 100 percent stake in Shenzhen Youluo Technology Co. for about 1.8 billion yuan, the Xinhua-run Shanghai Securities News reported.

The company said that the offer will be made in a combination of cash and share issue.

Youluo Technology is mainly engaged in mobile payment in the fields of finance and rail transit.(Edited by Yang Yifan, yangyifan@xinhua.org)


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