Luokung Announces Acquisition Of Beijing Hongda Jiutong Technology Development Co., Ltd
Acquiring Company
Daci Haojin Foundation Limited
Acquired Company
Hongda Jiutong
BeijingInformation TechnologySoftwareData And AnalyticsTransportationNavigation And MappingTransportationDescription
Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services ("LBS") and high-definition maps ("HD Maps") in China, today announced the signing of an agreement pursuant to which the Company's operating affiliate, Beijing Zhong Chuan Shi Xun Technology Limited, has agreed to acquire Beijing Hongda Jiutong Technology Development Co., Ltd ("Hongda Jiutong"). The Company expects to close this transaction by the end of the second quarter of 2022.
Quick answer
Daci Haojin Foundation Limited is acquiring Hongda Jiutong, announced March 29, 2022. Daci Haojin Foundation Limited is based in Beijing, Beijing, China.
- How much did Daci Haojin Foundation Limited pay for Hongda Jiutong?
- The deal value was not disclosed.
- Where are Daci Haojin Foundation Limited and Hongda Jiutong based?
- Daci Haojin Foundation Limited is based in Beijing, Beijing, China.
Source: Fundz verified event record.
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Frequently asked
Who acquired Hongda Jiutong?
Hongda Jiutong was acquired by Daci Haojin Foundation Limited, based in Beijing. The deal was reported on March 29, 2022. Daci Haojin Foundation Limited is privately held and operates in Information Technology.
When did Daci Haojin Foundation Limited acquire Hongda Jiutong?
Daci Haojin Foundation Limited's acquisition of Hongda Jiutong was reported on March 29, 2022. Luokung Technology Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hongda Jiutong do?
Hongda Jiutong Technology Development Co., Ltd. is a leading high-tech company in China focused on exploring the value of big data for intelligent transportation and connected vehicles. It is privately held, operating in Transportation.
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