Aier Ophthalmology announced that its wholly-owned subsidiary Shannan Zhilian Medical Information Technology Co., Ltd. intends to invest in the equity of Qihoo 360 Technology Co., Ltd. indirectly by investing in Tianjin Xinxinsheng Equity Investment Partnership (Limited Partnership). The amount is equivalent to RMB 30.324 million. The matter was reviewed and approved at the 43rd meeting of the third board of directors of the company on April 6, 2016.
Tianjin Xinxinsheng Investment was established on November 23, 2015, and the executive partner is Qihoo Hesheng. The agency will participate in the Qihoo 360 privatization project in order to obtain investment income. All partners contribute capital to the partnership in RMB cash. Shannan Zhilian will become a limited partner of Xinxinsheng Investment.
According to the plan, Tianjin Xinxinsheng Investment, which is invested by Aier Ophthalmology, will hold 11.44% of Qihoo 360 after the completion of privatization, second only to Zhou Hongyi, being the second largest shareholder.
In March 2011, Qihoo 360 was listed on the New York Stock Exchange. This time, Qihoo 360 plans to return to the A-share plan, which is also the largest domestic stock company's return. At the same time, Shannan Zhilian, a wholly-owned subsidiary of Aier Ophthalmology, indirectly invests in Qihoo 360 equity by participating in the investment of Xinxinsheng, and is expected to achieve higher capital appreciation income, thereby enhancing the company's profitability and in line with the interests of all shareholders.
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