Tianjin 712 to acquire majority stake in military simulation provider Fangzhou Technology

Tianjin 712 Communication & Broadcasting Co., Ltd. announced plans to acquire a 52.4596% equity stake in Beijing Fangzhou Technology Co., Ltd. from multiple shareholders for RMB 339.1965 million. Additionally, Tianjin 712 intends to acquire a 5.7757% stake from Hanzheng Kechuang Investment Co., Ltd. through a public tender process.

Upon completion of these acquisitions, Fangzhou Technology will become a controlled subsidiary of Tianjin 712. Following these transactions, Tianjin 712 plans a capital increase of RMB 30 million into Fangzhou Technology, which will result in Tianjin 712 holding a 60.00% ownership stake. This move aims to integrate Fangzhou Technology's "system-level simulation" capabilities, enhance product offerings, and expand market reach.

The transaction has been approved by the fourth session of the fourth board of directors of Tianjin 712 and the State Administration of Science, Technology and Industry for National Defense. The valuation of Fangzhou Technology’s total shareholders' equity was RMB 679.6208 million based on a valuation reference date of June 30, 2025, with a goodwill increment of 329.48%.