Dalian Sunlight Machinery Co.,Ltd. agreed to acquire Beijing Cardinal Education Consulting Co., Ltd from Huang Bin, Ma Jing, Zhao Peishuang, and Wu Nan for CNY 300 million.
February 16, 2017
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Dalian Sunlight Machinery Co.,Ltd. (SZSE:002621) agreed to acquire Beijing Cardinal Education Consulting Co., Ltd from Huang Bin, Ma Jing, Zhao Peishuang, and Wu Nan for CNY 300 million on February 17, 2017. For the period ending December 31, 2016, Beijing Cardinal Education Consulting reported total assets of CNY 31.08 million, net assets of CNY 18.49 million, revenue of CNY 42.5 million, EBIT of CNY 12.81 million and net profit of CNY 8.16 million. The Board of Dalian Sunlight Machinery approved the deal.
Dalian My Gym Education Technology Co Ltd is a China-based company mainly provides early education courses and training services for studying abroad. The Company provides a full range of services such as early education center courses, brand output, teaching material research and development, operation management and teacher training, as well as youth guidance, study abroad consultation, and international exchanges and cooperation. The Company is also engaged in the manufacture and sales of construction machinery. The Company mainly conducts its businesses in domestic market.
Dalian Sunlight Machinery Co.,Ltd. agreed to acquire Beijing Cardinal Education Consulting Co., Ltd from Huang Bin, Ma Jing, Zhao Peishuang, and Wu Nan for CNY 300 million.