Guo´en Customized No. 2 Private Equity Securities Investment Fund, managed by Chongqing Guoen Investment Co., Ltd., cancelled the acquisistion of 5% stake in Shifeng Cultural Development Co., Ltd. from Cai Junsong
May 03, 2023
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Guo´en Customized No. 2 Private Equity Securities Investment Fund, managed by Chongqing Guoen Investment Co., Ltd., signed share transfer agreement to acquire 5% stake in Shifeng Cultural Development Co., Ltd. (SZSE:002862) from Cai Junsong for CNY 84 million on December 22, 2022. As per the transaction, Guo´en Customized No. 2 Private Equity Securities Investment Fund, managed by Chongqing Guoen Investment Co., Ltd. agreed to acquire 6 million shares of Shifeng Cultural Development Co., Ltd. at CNY 14 per share.
Guo´en Customized No. 2 Private Equity Securities Investment Fund, managed by Chongqing Guoen Investment Co., Ltd., cancelled the acquisition of 5% stake in Shifeng Cultural Development Co., Ltd. (SZSE:002862) from Cai Junsong on May 4, 2023. As of the date of this announcement, the two parties have not yet completed the relevant share transfer procedures. After the transfer of the termination agreement, Cai Junsong holds 15,001,200 shares of the company, accounting for 12.50% of the company's total share capital.
Shifeng Cultural Development Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture and sales of various toys. The Company's main products include electric remote controlled toys, baby toys, car model toys, animation game derivative toys and other toys. The Company is also engaged in toy trading business and game business. The Company distributes its products within domestic market and to overseas markets.
Guo´en Customized No. 2 Private Equity Securities Investment Fund, managed by Chongqing Guoen Investment Co., Ltd., cancelled the acquisistion of 5% stake in Shifeng Cultural Development Co., Ltd. from Cai Junsong