Synththink Electronics: Announces Joint Investment and JV Establishment with Related Entities
4 day ago / Read about 0 minute
Author:小编   

Synththink Electronics has issued an Announcement (in this context, "notice" would also be an appropriate translation) detailing its intention to collaborate with Daily Interactive and Jinan Big Data Group in a joint investment venture. The objective is to establish Shandong Daily Synththink Data Technology Co., Ltd., a company that will specialize in delivering data products and comprehensive solutions. The newly formed joint venture will have a registered capital of 20 million yuan. Synththink Electronics will contribute 9 million yuan, securing a 45% ownership stake. Daily Interactive will invest 8 million yuan, holding a 40% share, while Jinan Big Data Group will provide 3 million yuan, acquiring a 15% interest.

Upon completion of the transaction, the joint venture will be consolidated into the financial statements of Synththink Electronics. Given that both Synththink Electronics and Jinan Big Data Group are under the control of Jinan Energy Group, this investment is classified as a related-party transaction. Consequently, Yan Long, the director with a vested interest, has recused himself from the voting process.