AcquisitionsJul 22, 2026, 04:31 PM
NaaS Technology Completes Acquisition of China Newlink Holding
AI Summary
NaaS Technology Inc. announced the completion of its share acquisition agreement on July 22, 2026, making China Newlink Holding Limited a wholly-owned subsidiary. In connection with the closing, NaaS Technology issued 16,000,000,000 Class A ordinary shares to the seller. Following this transaction, the total issued and outstanding shares of the company are 54,577,157,881, and the controlling shareholder, Newlinks Technology Limited, now beneficially owns 61.3% of the voting power.
Key Highlights
- NaaS Technology completed the closing of a share acquisition agreement on July 22, 2026.
- China Newlink Holding Limited became a wholly-owned subsidiary of NaaS Technology Inc.
- The Company issued 16,000,000,000 Class A ordinary shares to the Seller.
- Total issued and outstanding shares are now 54,577,157,881 shares.
- Parent company beneficially owns 61.3% of the voting power.
Price Impact
More from NAAS