Suzhou Kingswood Education Technology Co., Ltd. completed the acquisition of Tianjin Lvwai Vocational High School Co., Ltd. from Mu Jiancheng and Mu Hongman.
June 01, 2021
Share
Suzhou Kingswood Education Technology Co., Ltd. (SZSE:300192) signed a share transfer agreement to acquire Tianjin Lvwai Vocational High School Co., Ltd. from Mu Jiancheng and Mu Hongman for CNY 27 million recently. Mu Jiancheng holds 80% stake meanwhile Mu Hongman holds 20% stake in Tianjin Lvwai Vocational High School respectively. In December 31, 2020, Tianjin Lvwai Vocational High School reported a total assets of CNY 23.1 million, total common equity of CNY 16.4 million, total revenues of CNY 14.4 million, EBIT of CNY 5.2 million and net income of CNY 5 million.
Suzhou Kingswood Education Technology Co., Ltd. (SZSE:300192) completed the acquisition of Tianjin Lvwai Vocational High School Co., Ltd. from Mu Jiancheng and Mu Hongman on June 2, 2021.
Suzhou Kingswood Education Technology Co Ltd, formerly Suzhou Kingswood Printing Ink Co Ltd, is a China-based company principally engaged in the research, development, production and sale of printing offset inks. The Company's main products include high-gloss offset inks, high-wear offset inks, quick-drying high-gloss offset inks and other offset inks. The Company owns brand names of Dongwu Inks and Kingswood. The Company's products are mainly used in food, electronics, cosmetics and chemical industries. The Company distributes its products in domestic market and to overseas markets, such as the United States, Europe and India.
Suzhou Kingswood Education Technology Co., Ltd. completed the acquisition of Tianjin Lvwai Vocational High School Co., Ltd. from Mu Jiancheng and Mu Hongman.
SUZHOU KINGSWOOD EDUCATION TECHNOLOGY CO., LTD. 
