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Stock impact report

PINTEC to Acquire Jishengtai in Expanding Fully Digitized Securities Brokerage and Wealth Management Platform

Pintec Technology Holdings Limited - American Depositary Shares (PT) 
Company Research Source: PR Newswire
BEIJING, April 12, 2021 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) ("PINTEC" or the "Company"), a leading independent technology platform enabling financial services in China, today announced that it has entered into an agreement to acquire all of the equity interest in Shenzhen Jishengtai Technology Co. Ltd ("JST"), a securities technology firm based in Shenzhen, China.  JST internally designs and fully implements an end-to-end Broker Supplied System (BSS) for automatic order matching and execution of securities trading, which is the core backbone system of Riche Bright Securities Limited ("RB"), a Hong Kong securities brokerage firm that PINTEC recently acquired.  In connection with the acquisition, PINTEC agreed to issue certain non-voting ordinary shares (the "Consideration 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 additi Show less Read more
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