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    300412   CNE100001Y75

ZHEJIANG CANAAN TECHNOLOGY LIMITED

(300412)
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Zhejiang Canaan Technology Limited agreed to acquire an additional 16% stake in Zhejiang Canaan Xiaojiang Technology Co., Ltd from Zheng Xiaojiang, Deng Ruiping and Yu Xiqing for CNY 5.3 million.

06/29/2021 EDT

Zhejiang Canaan Technology Limited (SZSE:300412) agreed to acquire an additional 16% stake in Zhejiang Canaan Xiaojiang Technology Co., Ltd from Zheng Xiaojiang, Deng Ruiping and Yu Xiqing for CNY 5.3 million on June 28, 2021. Zhejiang Canaan Xiaojiang Technology reported total assets of CNY 85.2 million and total common equity of CNY 27.6 million till March 21, 2021. After the completion of the acquisition, the company’s holding of Canaan Xiaojiang’s equity will increase from 51% to 67%, which will not have a significant impact on the company’s financial status and operating results for the year, and will not lead to changes in the scope of the company’s consolidated statements. The transaction is approved by board of Zhejiang Canaan Technology Limited. The funds required for this acquisition are the company's own funds, which will not have a material adverse effect on the company's financial and operating conditions, and there is no situation that harms the interests of listed companies and small and medium shareholders.


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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 3 806 M 565 M 565 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 1 586
Free-Float 55,1%
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Managers and Directors
Zheng Fang General Manager & Director
Hai Zhi Xu Chief Financial & Accounting Officer
Heng Zhi Fang Chairman
Gao Fu Zheng Chairman-Supervisory Board
Zhen Dao Zhou Director & Deputy General Manager-Technology
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