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PINTEC Announces RMB400 Million Financing under Equity Transfer Agreements

PRIVATEOct 27, 2020

Round Type

Venture

ChaoyangInformation Technology

Description

Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology provider enabling financial services in China, today announced that Pintec (Yinchuan) Technology Co., Ltd. (the "Transferee"), a wholly-owned subsidiary of the Company, entered into certain equity transfer agreements (the "Agreements"), pursuant to which Ningxia Fengyin Enterprise Management Consulting LLP (the "Transferor") agreed to transfer all the outstanding equity interests in Yinchuan Chuanxi Technology Co., Ltd. ("Chuanxi Technology"), to the Transferee, in exchange for a total consideration of RMB400,000,000 (the "Consideration").  The parties agreed that Chuanxi Technology shall have an aggregate of no less than RMB400,000,000 in its bank account which is available for use at a specific date to be agreed by the parties

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Company Information

Company

Pintec Technology Holdings Limited

Location

Chaoyang, Beijing, China

About

Pintec Technology Holdings Limited operates as an independent technology platform enabling financial services in China. The company focuses on offering various financial technology solutions. Pintec aims to enhance efficiency and accessibility in the financial sector. It is publicly traded on Nasdaq under the ticker PT.

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Pintec Technology Holdings Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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