Shanghai Xinglei was acquired 100% stake by Shanghai Juyuan Internet of Things

Shanghai Xinglei is an intelligent technology service provider, mainly engaged in technology development, technology transfer, and technical consultation in the fields of intelligent technology, robotics, network technology, electronic technology, and industrial automation technology. Recently, Leisai Intelligent plans to transfer 100% of the shares of Shanghai Xinglei, a wholly-owned subsidiary, to Shanghai Juyuan Internet of Things Technology Service Co., Ltd. The transaction consideration is about 133 million yuan.

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