The VR field, Tongfang intends to acquire equity gvitech

Tongfang December 26th evening announcement, subsidiary Beijing Tongfang software Limited by Share Ltd Wei Jinghang intends to acquire 21% stake in the Polytron Technologies Inc, and with the Beijing Tsinghua Tongheng urban planning and Design Institute Co Xiang Wei Jingxing capital.

The amount of equity transfer and capital increase amounted to 95 million 340 thousand yuan. After the capital increase, the company will hold 40% stake in gvitech, Tsinghua Tongheng gvitech will hold 11% stake. Tsinghua University is a wholly owned subsidiary of the Qing Dynasty control group limited, a wholly owned subsidiary of the controlling shareholder of Tsinghua Holdings Co., ltd..

Announcements, gvitech registered capital of 51 million yuan. At the end of June 2016, gvitech total assets of 106 million 825 thousand and 200 yuan, net assets of -1740.65 million yuan, 1-6 month 2016 operating income was 8 million 732 thousand and 300 yuan, net profit -3167.49 million yuan.

At present, gvitech focuses on 3D geographic information, information visualization, VR and other core technologies in the field of smart city and smart display industry has developed a variety of products with core competitiveness, including the field of CIM based software platform, smart city application software

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