FilingReader Intelligence

Compass Tech to acquire stake in Pioneer Fund

February 19, 2025 at 05:03 PM UTCBy FilingReader AI

Beijing Compass Technology Development (SZSE:300803) announced it will acquire a 22.5050% equity stake in Pioneer Fund Management Co., Ltd. from Beijing Pengkang Investment Co., Ltd. for 109 million yuan ($15.1 million USD). The acquisition, approved by Compass Technology's management, will increase the company's ownership in Pioneer Fund to 61.7026%, making it the controlling shareholder and integrating Pioneer Fund into its consolidated financial statements. This move aligns with Compass Technology's strategy to diversify its business, integrating securities and public fund services with its core financial information services. The company said it will fund the transaction with its own capital.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

News Alerts

Get instant email alerts when Beijing Compass Technology Development publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →