|Over a month ago|
Pintec Technology to acquire JST in all-stock transaction » 06:1304/1204/12/21
Pintec Technology announced that it has entered into an agreement to acquire all of the equity interest in Shenzhen Jishengtai Technology, or JST, a securities technology firm based in Shenzhen, China. JST internally designs and fully implements an end-to-end broker supplied system, or BSS, for automatic order matching and execution of securities trading, which is the core backbone system of Riche Bright Securities, a Hong Kong securities brokerage firm that Pintec recently acquired. In connection with the acquisition, Pintec agreed to issue certain non-voting ordinary shares to JST's original shareholders as the consideration for the sale of JST's equity interest. The consideration shares will consist of a fixed base of 38,098,200 shares and an additional maximum of 45,098,200 shares, which is subject to downward adjustment based on certain performance target on RB. The consideration shares will be issued in reliance upon an exemption or exclusion from the registration requirement under Section 5 of the Securities Act of 1933, as amended. The transaction is subject to the completion of the requisite corporate and other approvals and customary closing conditions. There can be no assurance that the transaction will be consummated in a timely manner, at all.
|Over a quarter ago|
Skillful Craftsman appoints Steven Yuan Ning Sim to board of directors » 08:2803/0403/04/21
Skillful Craftsman Education Technology (EDTK) announced that Mr. Steven Yuan Ning Sim has been appointed as the successor to Ms. Teoh Chun Hiah to serve as a director on the Board, member of the Audit Committee and Chairperson of the Nominating and Corporate Governance Committee, effective on March 3, 2021. Ms. Teoh Chun Hiah resigned from her roles in the Company on February 17, 2021 due to personal reasons. Steven Yuan Ning Sim serves as the Chief Financial Officer of Pintec Technology Holdings Limited (NPT), an independent technology company enabling financial services in China since October 2016.
Pintec Technology to jointly develop fintech solutions with CMCC subsidiary » 05:4612/1812/18/20
Pintec Technology announced that it has cooperated with China Mobile Communications, or CMCC's subsidiary Aspire Holdings to jointly develop advanced fintech solutions, leveraging Pintec's big data analytics and AI technology capabilities. Aspire Holdings is one of the earliest pioneers to launch mobile data services and has been actively facilitating CMCC in exploring and expanding businesses in the areas such as IT, ICT and the Internet. The company has been actively exploring big data and AI technologies in business applications in recent years.
Pintec Technology appoints Victor Huike Li as director, CEO » 07:2308/0308/03/20
Pintec Technology announced the appointment of Dr. Victor Huike Li as CEO and director of the Company, effective immediately. Wei Wei, who has been on a medical leave of absence since September 2019, has tendered his resignation as the Company's CEO for health reasons, and Mr. Jun Dong has resigned from his position as PINTEC's acting CEO as a result of Dr. Li's appointment. Both Mr. Wei and Mr. Dong will continue to serve on the board of directors of the Company following their resignations from the Company's management. In addition, Ms. Xiaomei Peng has resigned from the Board due to personal reasons. Li joined PINTEC in 2019 subsequent to the acquisition of InfraRisk. After joining the Company, Dr. Li first served as head of international business and then as executive vice president for the Company prior to his current roles.
Pintec Technology announces risk management partnership with ICBC » 21:0107/0607/06/20
Pintec Technology announced an update on its cooperation with Industrial and Commercial Bank of China. ICBC has adopted and implemented Pintec's SME risk management solutions for its micro- and small-sized lending business, "enhancing the effectiveness of its lending services for SME clients", the company states.