Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership), Beijing Heyuan Rongwei Equity Investment Center (Limited Partnership) fund managed by Beijing Hetai Jiusheng Investment Management Co., Ltd., Jiangsu Zhonghan Chenhui Langzi Equity Investment Fund (Limited Partnership) and Shen Dongri signed the share transfer agreement to acquire 32.8% stake in Lancy Medical Management Co., Ltd. from Lancy Co., Ltd. for approximately CNY 160 million.
January 01, 2018
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Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership), Beijing Heyuan Rongwei Equity Investment Center (Limited Partnership) fund managed by Beijing Hetai Jiusheng Investment Management Co., Ltd., Jiangsu Zhonghan Chenhui Langzi Equity Investment Fund (Limited Partnership), a fund of Aurora Private Equity and Shen Dongri signed a share transfer agreement to acquire 32.8% stake in Lancy Medical Management Co., Ltd. from Lancy Co., Ltd. (SZSE:002612) for approximately CNY 160 million on December 28, 2017. Under the terms of transaction, Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership) will acquire 4.01% stake for CNY 20.1 million, Beijing Heyuan Rongwei Equity Investment Center (Limited Partnership) fund managed by Beijing Hetai Jiusheng Investment Management Co., Ltd. will acquire 3.34% stake for CNY 16.7 million and Jiangsu Zhonghan Chenhui Langzi Equity Investment Fund (Limited Partnership) will acquire 9.36% stake for CNY 46.8 million, Shen Dongri will acquire 16.05% stake for CNY 80.3 million. In a related transaction, Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership), Beijing Heyuan Rongwei Equity Investment Center (Limited Partnership) fund managed by Beijing Hetai Jiusheng Investment Management Co., Ltd., Jiangsu Zhonghan Chenhui Langzi Equity Investment Fund (Limited Partnership) and Shen Dongri will carry out a capital increase of CNY 81.1 million in Lancy Medical Management Co., Ltd. The transaction is subject to approval from shareholders of Lancy Co., Ltd. The Board of Lancy Co., Ltd. approved the transaction. The proceeds from the transaction will be used by Lancy Medical Management Co., Ltd. to acquire stake in Shaanxi Gonice Medical Aesthetic Hospital Co., Ltd.
LANCY CO., LTD. is a China-based company, principally engaged in the design, manufacture and distribution of women's clothing. The Company provides upper outer garments, skirts, pants, coats and others, including T-shirts, knitted apparels, shirts, leisure pants, skirts, one-piece dresses, overcoats, cotton garments, down coats, jackets and leather coats, among others. The Company distributes its products primarily under brands named LANCY FROM 25, LIME FLARE, marie n°mary and MOJO S.PHINE. The Company distributes its products within domestic market and to overseas markets.
Ningbo Shiyue Wuxun Equity Investment Partnership Enterprise (Limited Partnership), Beijing Heyuan Rongwei Equity Investment Center (Limited Partnership) fund managed by Beijing Hetai Jiusheng Investment Management Co., Ltd., Jiangsu Zhonghan Chenhui Langzi Equity Investment Fund (Limited Partnership) and Shen Dongri signed the share transfer agreement to acquire 32.8% stake in Lancy Medical Management Co., Ltd. from Lancy Co., Ltd. for approximately CNY 160 million.
LANCY CO., LTD. 
