On the afternoon of August 29, Linklogis Inc. (“Linklogis”) and Shenzhen Bytter Expertise Co., Ltd. (“Bytter”)’s shareholder held a signing ceremony for strategic acquisition. Each events signed the Letter of Intent for Acquisition, whereby Linklogis intends to accumulate the shares held by Bytter’s present controlling shareholder. Upon completion of this transaction, Linklogis will grow to be the controlling shareholder of Bytter. This strategic acquisition goals to combine the core strengths of each corporations in treasury administration and provide chain finance know-how, collectively helping prospects in constructing world-class monetary administration platforms and advancing clever treasury administration programs for state-owned enterprises and huge-and-middle-sized non-public enterprises.
Ji Kun, Co-founder and President of Linklogis, Zhao Yu, Chief Monetary Officer of Linklogis, Hu Defang, Founder and Chairman of Bytter, and Hu Dexiang, Basic Supervisor of Bytter attended the signing ceremony.
Since its institution in 2000, Bytter has specialised in offering treasury administration options for enterprises. Bytter was listed on the over-the-counter buying and selling platform operated by the Nationwide Equities Change and Quotations Co., Ltd. (inventory code: 834596.NEEQ) in 2015, and has grow to be a number one firm within the treasury administration sector. As a nationwide high-tech enterprise, Bytter presents a complete vary of options, together with group treasury administration programs and core enterprise programs for finance corporations. Bytter possesses the technical implementation capabilities for all 11 treasury perform modules required by the State-owned Property Supervision and Administration Fee of the State Council (SASAC) and has assisted over 1,500 enterprises in reaching digital transformation in treasury administration.
As a number one provide chain finance know-how resolution supplier in China, Linklogis is devoted to facilitating the ecological interconnection of “{industry} chain – transaction circulate – finance.” In recent times, Linklogis has efficiently gained the bidding for complete provide chain platforms of state-owned enterprises and main non-public enterprises. These achievements have allowed Linklogis to additional develop its technological purposes in treasury administration, showcasing its experience and management in monetary know-how.
Mr. Hu Defang, the founder and chairman of Bytter, mentioned, “With the fast evolution of digital info know-how, treasury administration is shifting from conventional money administration to superior treasury systems targeted on worth creation and strategic steerage. For over twenty years, Bytter has been dedicated to providing complete options, together with treasury administration consulting, software program improvement and implementation, and system integration for corporates, finance companies, and banks. By this acquisition transaction, we are going to associate with Linklogis to reinforce our experience in treasury administration and drive the digital transformation and reform of enterprises, aiming to supply environment friendly, safe, and clever treasury administration options to our customers.”
This acquisition capitalizes on Bytter’s intensive technical experience and repair expertise in treasury administration to bolster Linklogis’ complete monetary administration digital transformation companies for enterprises. By collaborating carefully with Bytter, Linklogis will develop its product and repair choices, strengthen its technological and market leading place in treasury administration, and assist prospects in reaching high-quality improvement.
Mr. Ji Kun, the co-founder and president of Linklogis, highlighted, “This acquisition is a strategic transfer to broaden our enterprise scope and a key step in responding to evolving market calls for. Clever treasury administration is essential for the event of enterprises. By integrating Bytter’s technological strengths and customer assets, Linklogis will improve its industry-finance treasury options and solidify its leading place in monetary know-how. This transaction will considerably elevate Linklogis’ product capabilities and core competitiveness, maximizing firm worth and returns for shareholders.”
