AsiaInfo Security Technologies to acquire 20.32% stake in AsiaInfo Technologies from Skipper Investment for $230m.

AsiaInfo Security Technologies, a China-based network security software products developer, agreed to acquire 20.32% stake in AsiaInfo Technologies, telecommunication software products provider, from Skipper Investment, an Investment company, for $230m. The Board believes that the Purchaser, as a strategic shareholder in the proposed transaction, can further optimize the AsiaInfo Technologies' equity structure and maintain stability in its governance, strategic planning, and execution. It is also beneficial for both AsiaInfo Security and the Group to leverage their respective strengths, deepen strategic collaboration in the areas of cloud, network and security, and enhance the overall value of the Group in the future.