Zhu Xianzhou agreed to acquire Sichuan Time Share Advertising & Communication Co., Ltd. from Shenzhen Liantronics Co., Ltd. for CNY 0.1 million/
June 04, 2020
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Zhu Xianzhou agreed to acquire Sichuan Time Share Advertising & Communication Co., Ltd. from Shenzhen Liantronics Co., Ltd. (SZSE:300269) for CNY 0.1 million on June 3, 2020. Sichuan Time Share Advertising reported revenues of approximately CNY 140 million, operating loss of CNY 49.7 million, Net loss of CNY 71.3 million, total negative shareholder’s equity of CNY 2.8 million and total assets of approximately CNY 140 million in the year ending on December 31, 2020. The transaction was approved by the Board of Directors of Shenzhen Liantronics.
Shenzhen Liantronics Co., Ltd is a supplier of system solutions of lighting emitting diode (LED) full-color display application products. The Company operates in three segments, including LED Application Products, Advertising Media and Public Relation Services. The Company's system solutions mainly include program design, product manufacturing, engineering service, technical support and product leasing, among others. The featured products of the Company include commercial LED advertising machine and LED intelligent cloud television (TV), among others. The Companyâs products can be divided into full-color LED, monochromatic LED and bi-color LED. The Company's LED full-color display products are primarily applied in indoor and outdoor advertising media, stage entertainment, government and enterprise marketing, as well as stadium and gymnasium and other fields. The Company also involved in operation of media business. The Company operates in domestic and overseas markets.
SHENZHEN LIANTRONICS CO.,LTD 
