BEIJING, July 17 (Xinhua) -- China Media Group (000793.SZ) said on Tuesday that it planned to buy a 60-percent stake in VCYBER Intelligence in cash for 1.668 billion yuan.
According to the Shenzhen-listed company, the purchase will expand its business in Internet of Vehicles area.
VCYBER Intelligence is one of the few service providers in China that has independent intellectual property rights and is focused on providing integrated solutions for the Internet of Vehicles system. (Edited by Li Haoran, hupingchao@xinhua.org)
A single purchase
