Inspur Group Limited, through its subsidiary, manufactures cloud computing products. It has strategic alliances with Inspur Software Co., Ltd. The company is based in Jinan, China.
1036 Langchao Road
86 53 1851 02136
86 53 1674 98510
Inspur Group Limited Presents at 2017 FORTUNE Global Forum, Dec-07-2017 11:30 AM
Dec 4 17
Inspur Group Limited Presents at 2017 FORTUNE Global Forum, Dec-07-2017 11:30 AM. Venue: Shangri-La Hotel Guangzhou, 1 Huizan E Rd., Haizhu Qu, Guangzhou, Guangdong Province, China. Speakers: Sun Pishu, Chairman and CEO.
The Agricultural Bank of China to Provide Credit Limit of RMB 10 Billion to Inspur Group
Jul 4 17
The Agricultural Bank of China will provide to Inspur Group a credit limit of RMB 10 billion. Both the sides will play their advantages in the field of technology, finance, supply chain finance, financial leasing, asset securitization, domestic and foreign business linkage, IT infrastructure, information security, cloud computing, smart banking etc.
Inspur Common Software Co., Ltd. Enters into the JV Agreement with Inspur Group Limited and Inspur Software Co., Ltd. in Relation to the Establishment of Joint Venture Company
May 9 17
On 9 May 2017, Inspur Common Software Co., Ltd. (Party C) entered into the JV Agreement with Inspur Group Limited (Party A) and Inspur Software Co., Ltd. (Party B) in relation to the establishment of a joint venture company in the PRC. Pursuant to the JV Agreement, the Joint Venture company will be formed in Jinan City, Shandong Province, PRC to mainly provide financial services to members of the Inspur Group. The JV Parties have entered into the JV Agreement on 9 May 2017 in relation to investments in the Joint Venture Company of tentative name of (Inspur Group Finance Co., Ltd.) subject to the approval of the relevant authorities in the PRC. The principal terms of the JV Agreement are as follows: Party A is the controlling shareholder of the company, Party B is an associate of Party A, and Party C is a wholly owned subsidiary of the Company. The Joint Venture company will apply to China Banking Regulatory Commission for licenses and will principally provide financial services to members of the Inspur Group, such as, provision of financial and fund raising consultation, credit forensics and related consultancy and agency services; assisting in executing payments and collecting payments; provision of guarantee and entrusted loans; and other businesses approved by the CBRC. Pursuant to the JV Agreement, the registered capital of Joint Venture Company amounts to RMB 1,000,000,000 (equivalent to approximately HKD 1,130,000,000), to which Party A will contribute RMB 600,000,000, representing 60% of the registered capital; Party B will contribute RMB 200,000,000, representing 20% of the registered capital; and Party C will contribute RMB 200,000,000, representing 20% of the registered capital. The JV Agreement shall take effective from the date of its formation. Upon obtaining consent from all JV Parties, the Joint Venture Company may apply to the relevant governmental authority in the PRC for extension on or before 180 days prior to the expiry of the existing business license. Under the Company Law, JV Parties will be entitled to share the profit or to bear the loss of the Joint Venture Company in proportion to their respective equity interests in the Joint Venture company. The JV Agreement takes effect upon the fulfilment of the condition that all necessary approvals and consents have been obtained by each of the JV Parties. In relation to the above condition, Party C is required under the Listing Rules to obtain the Independent Shareholders' approval regarding the JV Agreement and the transactions contemplated in the EGM. If Party B or Party C cannot obtain approvals from its governing body, the remaining JV Parties will continue to establish the Joint Venture Company and Party A will contribute the shared amount of Party B or Party C in the sum of RMB 200,000,000 and its own shared amount in the sum of RMB 600,000,000. As such, the total registered capital of the Joint Venture Company will remain unchanged. If both Party B and Party C cannot obtain approvals from the governing body, the JV Agreement will be terminated. It is expected that the above condition precedent will be fulfilled in or around December 2017. The establishment of the Joint Venture Company is also subject to the approval of the relevant authorities in the PRC.