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New Deal


Announced

PINTEC to acquire Jishengtai for c. $51m.

Financials

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Transaction Value£37m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

China

Acquisition

Private

FinTech

Majority

securities technology

Domestic

Pending

Single Bidder

Synopsis

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PINTEC, an independent technology platform enabling financial services in China, agreed to acquire Jishengtai, a securities technology firm based in Shenzhen, China, c. $51m. "These acquisition of JST and RB will accelerate PINTEC's plan in transforming our business by broadening our wealth management services to include fully digitized securities brokerage, which is more critical than ever in today's environment as we see increasing appetite from corporate clients and investors for full service online securities platform," Steven Sim, PINTEC CFO.

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