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    UEC Mergers & Acquires Shanghai Ruizhi Providing Service Information for Securities Traders

    2012-07-19

    On July 16th, 2012,Beijing United Electronics Co., Ltd.(Hereafter referred to as UEC) and Shanghai Ruizhi Information Technology Co., Ltd. (Hereafter referred to as Shanghai Ruizhi) concluded and signed agreement about the merger and acquisition at Shanghai San Want Grand Hotel and held a press conference. Distinguished guests who attended at the signing ceremony included Zhao Wenliang, director of Shanghai Technology Market Management Office, Xie Hua, Secretary general of Shanghai Technology Market Association, Wang Donghui, UEC Chairman, Zhang Tong, UEC General manager, Yang Yong, General Manager of Shanghai Ruizhi, etc. 

    It is said that the total M&A price is RMB 27,200,000. UEC held 56.66% stock equity of Shanghai Ruizhi by transferring the original shareholder equity of Shanghai Ruizhi and increasing assets and became the controlling shareholder of Shanghai Ruizhi. Wherein RMB 15,700,000 was used for acquiring the originally held equity of Shanghai Ruizhi shareholders and RMB 11,500,000 was used for increasing assets to Shanghai Ruizhi.

    After merger and acquisition, UEC will make full use of its abundant technology experience in mass data storage and protection, parallel storage and high-performance calculation, combine Shanghai Ruizhi’s IT planning ability and solution of fortune management supporting system in security industry, provide perspective data center solution for customers in security industry to meet requirement of big data and cloud computing era, transform customers’ data center as policy-making supporting center of operation management and innovation center of business transformation, transform customer’s informationized department as engine power promoting business development and help securities customers to grasp development opportunity in homogeneity competition pattern and transcend traditional growth mode and profiting mode. 

    Mr. Wang Donghui, the Chairman of UEC, expressed that UEC will provide industrial solution and innovation service for customers of securities trader and futures companies in the whole process (consulting and planning, software designing, systemic construction, running and maintenance) and whole value chain (strategic management, running support, management support and technological support), and help customers to lower running cost substantially by utilizing its technological and service advantages and “deeply developing” customers, so as to realize the business transformation and strategic reform.

    Channel and service ability for Shanghai Ruizhi, and makes it at a new platform with the support of UEC and starts a new chapter of Shanghai Ruizhi’s development.

    Mr. Yang Yong, the General manager of Shanghai Ruizhi, expressed that UEC‘s merger and acquisition of Shanghai Ruizhi is a great move with milestone meaning in the development history of Shanghai Ruizhi.


    About Shanghai Ruizhi

    Founded in 2006, Shanghai Ruizhi Information Technology Co., Ltd IS a leading software and service provider serving financial industry. 

    Through independent research and development, Shanghai Ruizhi has won 17 items of software copyright including financial message data center platform software, financial investment and consulting business management platform software, futures industrial research management software, financial data management software, financial research management software and quantitative research and knowledge management platform software.

    On its basis, it forms securities industrial solution with high value-added and high integration degree penetrating the whole fortune management supporting system. The present customers of Shanghai Ruizhi include variant financial and communication enterprises covering Haitong Securities, Shenyin Wanguo Securities, Caitong Securities, Everbright Securities, Industrial Securities, Jinyuan Futures, Nanhua Futures, Bank of Communications, CMCC and China Telecom.

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