The Digital Source For China's Tech Innovation Since 2000

Search
Close

Inspur International To Sell Chinese E-government Business

January 31, 2012
Internet | Law & Policy | Software

Hong Kong-listed information technology and outsource software development company Inspur International has published a report, stating that it will sell its e-government business, Shandong Inspur E-Government Software Limited, to Shandong Inspur Software Company Limited for CNY23 million.

Inspur International is expected to gain about CNY259,000 from the disposal, and the capital gained will be used for general operations and the development of other potential businesses.

At the same time, Inspur International said the e-government business only contributed a small part of the overall revenue of its information technology services. Therefore, the transaction will barely impact the overall operating revenue of the company. In addition, the company can gradually reduce the trading value of related transactions and increase the business independence of the company.

Inspur International's e-government business is mainly engaged in the manufacturing, sales and development of e-government software in China. As the purchaser, Shandong Inspur Software Company Limited is an associate of a controlling shareholder of Inspur.

Tags: acquisition | CRM | e-government | government | Hong Kong | Inspur | investment | Shandong

Other Related News:

China 2.0 – Nigeria Intensifies Major Cryptocurrency Crackdown After CBDC Launch

November 12, 2021

Capital Group International Inc. CA Boosts Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

September 15, 2022

The Digital Art Fair Xperience 2022 comes to Hong Kong this October: What we know so far

August 22, 2022

Chinese electric car startup Nio announces new sedan ARVR glasses

December 19, 2021

Internet Cafes Resisting Shanda's Online Games

November 29, 2004

Hong Kong Urban Renewal Authority and Large Data Center Operator Award NV5 $3 Million in Design and Inspection Contracts

November 1, 2021

Dragonvest Partners Establishes US$30 Million China Fund

May 9, 2006

TikTok China set time limit ’40 minutes’ a day for kids under 14 years

September 20, 2021

Buffett’s firm trims its stake in Chinese language EV maker BYD

September 1, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter