[ET Net News Agency, 4 August 2021] Ming Yuan Cloud Group Holdings Limited (00909) said
its subsidiary Shenzhen Mingyuan Cloud Technology Co., Ltd. has agreed to buy 29.906541%
equity interests in the target company at the total amount of the considerations of
RMB598,130,841.17. Upon completion, the target company will become an indirect
wholly-owned subsidiary of the company.
The target company is Shenzhen Mingyuan Yunke Electronic Commerce Co., Ltd. It is
principally engaged in the provision of CRM Cloud, the group's key SaaS products,
providing property developers with innovative digital marketing and site management tools
to generate sales leads, identify prospective property purchasers, facilitate contract
execution and deposit payment, and manage the overall operation of their property sales
offices. (RC)