Bacui Technologies agrees to sell 35% stake in Meizhou Jiayin for RMB 1.4 million

Bitget2026/10/20 14:36

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Bacui Technologies International's subsidiary BTES agreed to sell its 35% stake in Meizhou Jiayin to Meizhou Hongshun Management.
The October 20, 2026 agreement values the all-cash transaction at RMB 1.4 million (approximately SGD 270,000).
The sale will end the group's investment in Meizhou Jiayin, a human resources outsourcing provider serving the financial sector.
The disposal follows disagreements among Meizhou Jiayin's shareholders and management over its business development timeline and strategy.
The group expects a disposal gain of approximately SGD 32,000, with net proceeds earmarked for working capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bacui Technologies International Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: G4UT3V8HBFJVDXE6) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bacui Technologies agrees to sell 35% stake in Meizhou Jiayin for RMB 1.4 million

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