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00110 CHINA FORTUNE
RTNominal unchange0.270 0.000 (0.000%)
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31/05/2021 11:46

China Fortune (00110) to buy 25% of 5G & AI services company

[ET Net News Agency, 31 May 2021] China Fortune Holdings Limited (00110) said its
subsidiary Fortune (Shanghai) International Trading Co., Ltd has agreed to buy 25% of the
equity interest of Guangzhou Tianping Changying Technology Co., Ltd (the target) at a cash
consideration of RMB2 million.
The target is principally engaged in the provision of fifth generation wireless
communications technology (5G) and related artificial intelligence (AI) services. It is
also engaged in the development of video-sharing social networking service for the making
of a variety of short-form videos using AI technology. (RC)

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