Feng Haotian entered into an agreement to acquire remaining 51% stake in Chengdu Xinlong Baiyitong Trading Company from Chengdu Hongqi Chain Co.,Ltd. for CNY 0.9 million.
September 01, 2021
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Feng Haotian entered into an agreement to acquire remaining 51% stake in Chengdu Xinlong Baiyitong Trading Company from Chengdu Hongqi Chain Co.,Ltd. (SZSE:002697) for CNY 0.9 million on September 1, 2021. The consideration will be paid within 5 working days after the agreement becomes effective. As on September 1, 2021, Chengdu Hongqi Chain holds 51% stake and Feng Haotian holds 49% stake in Chengdu Xinlong Baiyitong Trading. Chengdu Xinlong Baiyitong Trading Company reported total assets of CNY 6.7 million, total liabilities of CNY 4.3 million, net assets of CNY 2.4 million as on July 31, 2021, and total assets of CNY 8.9 million, total liabilities of CNY 6.4 million, net assets of CNY 2.5 million, operating income of CNY 13.1 million, operating loss of CNY 0.41 million and net loss of CNY 0.31 million as on December 31, 2020. As on September 1, 2021, Chengdu Hongqi Chain held 22nd meeting of the fourth Board of Directors and reviewed and approved the transaction.
Chengdu Hongqi Chain Co., Ltd. is a China-based company principally engaged in the operation of regular chain supermarkets. The Company mainly provides daily-used products, cigarettes, wines, food, grains, oil, beverages, clothing, shoes, hats and textiles and others. The Company also provides autobus card recharging service, ticket consignment service, payment of telecommunication and natural gas fee, as well as electronic payment service. The Company conducts its businesses mainly in Sichuan Province, China.
Feng Haotian entered into an agreement to acquire remaining 51% stake in Chengdu Xinlong Baiyitong Trading Company from Chengdu Hongqi Chain Co.,Ltd. for CNY 0.9 million.
CHENGDU HONGQI CHAIN CO.,LTD. 
