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Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) just unveiled an update.
Beijing Saimo Technology has entered into a joint venture agreement with Robert Bosch Internationale Beteiligungen AG and Bosch (China) Investment Ltd. to establish Saishi Space Intelligence (Beijing) Technology Co., Ltd. in China. The new entity will have registered capital of RMB32 million, with Beijing Saimo holding a 62.5% controlling stake, and will focus on software development, technology services and computer system solutions, becoming a consolidated subsidiary.
The joint venture’s board will comprise three directors, two nominated by Beijing Saimo and one by Bosch, and Bosch will arrange for a related Shanghai unit to transfer certain customer business contracts to the new company, subject to counterparty consent. Beijing Saimo expects the partnership to broaden its business scope, capture new market opportunities, and create fresh growth drivers, thereby strengthening profitability, market value and returns for shareholders.
More about Beijing Saimo Technology Co. Ltd. Class H
Beijing Saimo Technology Co., Ltd. is a China-based technology company listed in Hong Kong, focusing on software development and related technology services. The group targets digital and intelligent solutions, and its operations span computer system services and technology consulting across industrial and commercial markets.
Average Trading Volume: 29,400
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.74B
For detailed information about 2571 stock, go to TipRanks’ Stock Analysis page.