Vanjee Tech eyes control of Tonghui Network with acquisition

Beijing Vanjee Technology (SZSE:300552) is seeking to increase its ownership in Chongqing Tonghui Network Technology through a public delisting process. The company announced its intention to bid on a 5% equity transfer of Tonghui Network, currently held by Chongqing Shou Xun Technology, for 2.54 million RMB. If successful, Vanjee Tech's stake would increase from 48% to 53%, establishing Tonghui Network as a controlled subsidiary and consolidating financials.