Yesterday, the An Family held a meeting to discuss the matter. The consensus was that regardless of whether Juyan agreed or opposed it, they should proceed with the original plan to acquire ZY.
As a traditional financial institution that started as a bank, the company generates petabytes of data daily in this era of economic globalization and information explosion. Developing a data platform is both necessary and inevitable; it can improve data processing efficiency, optimize costs, and open up the banking ecosystem. Other firms are also undergoing digital transformation, and if we fail to keep pace with the times, we will be eliminated.
Compared to the acquisition of ZY itself, management is more focused on retaining the talent. During the second round of talks, the department head proposed a ratio of 30% cash and 70% stock. A higher stock ratio would not only conserve cash flow and optimize taxes, but it would also turn the three founders into shareholders, ensuring they remain with the company for the long term.
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