Huakai Yibai Technology Co.,Ltd. completed the acquisition of Shenzhen TOMTOP Technology Co., Ltd. from Yiwu Huading Nylon Co.,Ltd.
July 03, 2024
Share
Huakai Yibai Technology Co.,Ltd. (SZSE:300592) signed a cooperation framework agreement to acquire Shenzhen TOMTOP Technology Co., Ltd. from Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) for CNY 490 million on December 6, 2023. Huakai Yibai Technology Co.,Ltd. (SZSE:300592) signed an agreement to acquire Shenzhen TOMTOP Technology Co., Ltd. from Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) on May 21, 2024. The transaction was approved by the Board of Directors of Yiwu Huading Nylon. As of June 29, 2024, the transaction is approved by shareholders of Yiwu Huading Nylon Co.,Ltd. Wang Xiaohong, Yang Yipn, Zhang Lei, Wu Jiaxu, Huang Jie, You Congjie and Zong Ren of Western Securities Co.,Ltd. acted as financial advisor and Zou Bang and Liang Jiamei of Hunan Qiyuan Law Firm acted as legal advisor to Huakai Yibai Technology Co.,Ltd. (SZSE:300592).
Huakai Yibai Technology Co.,Ltd. (SZSE:300592) completed the acquisition of Shenzhen TOMTOP Technology Co., Ltd. from Yiwu Huading Nylon Co.,Ltd. (SHSE:601113) on July 4, 2024. Transaction has been approved by Huakai Yibai Technology's board of director's.
Huakai Yibai Technology Co Ltd, formerly Hunan Huakai Cultural and Creative Co Ltd, is a China-based company mainly engaged in cross-border e-commerce services. The Company operates three segments. Cross-border Export E-commerce Business segment mainly provides supply and sales of auto parts, industrial and commercial supplies, home gardening, outdoor sports and other products through third-party platforms such as Amazon, ebay, Wish and other online platforms. Space Environment Art Design segment provides professional services such as art design and architectural decoration for interior spaces. Others segment is engaged in other business support services.
HUAKAI YIBAI TECHNOLOGY CO.,LTD. 
