Guangzhou CANUDILO Fashion & Accessories Co., Ltd. signed share transfer agreement to acquire Guangzhou Zhiyou Zhiwei General Merchandise Co., Ltd. from Zhang Guiqin and Shenzhen Quantum Enterprise Management Consultant Co., Ltd. for CNY 10 million.
January 08, 2014 at 04:00 am
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Guangzhou CANUDILO Fashion & Accessories Co., Ltd. (SZSE:002656) signed share transfer agreement to acquire Guangzhou Zhiyou Zhiwei General Merchandise Co., Ltd. from Zhang Guiqin and Shenzhen Quantum Enterprise Management Consultant Co., Ltd. for CNY 10 million in cash on January 6, 2014. Guangzhou Zhiyou Zhiwei General Merchandise reported total assets of CNY 9.28 million, owner's equity of CNY 1.64 million, revenue of CNY 20.53 million, operating loss of CNY 2.35 million and net loss of CNY 2.32 million for period ending December 31, 2012.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.
Guangzhou CANUDILO Fashion & Accessories Co., Ltd. signed share transfer agreement to acquire Guangzhou Zhiyou Zhiwei General Merchandise Co., Ltd. from Zhang Guiqin and Shenzhen Quantum Enterprise Management Consultant Co., Ltd. for CNY 10 million.
MODERN AVENUE GROUP CO., LTD. 
