Goldlok Toys Holdings Co., Ltd. entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million.
October 17, 2016
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Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million on October 14, 2016. Chen Jialin will sell 50% stake, Ding Wenguang will sell 30% stake, and Yang Yicheng will sell 20% stake. During the year ended December 31, 2015, Guangdong Fan’aizhong Network Technology Co., Ltd. had total assets of CNY 12.64 million, shareholder’s equity of CNY 10.25 million, revenue of CNY 9.69 million, and net profit of CNY 4.76 million. Board of Directors of Goldlok Toys Holdings (Guangdong) Co., Ltd. approved the transaction on October 14, 2016.
Goldlok Holdings Guangdong Co Ltd, formerly Goldlok Toys Holdings Guangdong Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of electronic and electric plastic toys. The Company is engaged in two businesses. Toys and related businesses cover a complete industrial system of research, development, design, mold manufacturing, production and sales. The main product cover electronic electric toys, plastic toys, plush toys, educational toys, and intelligent interactive toys. The Internet education business is engaged in providing comprehensive solutions for smart education starting from kindergarten to grade 12 (K12). The core technical support of the business includes cloud computing, big data, intelligent hardware, Internet of Things, artificial intelligence and other fields.
Goldlok Toys Holdings Co., Ltd. entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million.