Wu Bin completed the acquisition of 47.83% stake in Beijing Toread Bingxue Holding Development Co., Ltd. from Toread Holdings Group Co., Ltd..
December 13, 2023
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Wu Bin agreed to acquire 47.83% stake in Beijing Toread Bingxue Holding Development Co., Ltd. from Toread Holdings Group Co., Ltd. (SZSE:300005) for CNY 11 million on October 27, 2023. As of September 30, 2023, Beijing Toread Bingxue Holding Development Co., Ltd. generated total assets of CNY 9.5 million and net assets of CNY 6.2 million. The transaction is approved by board of directors of Toread Holdings Group Co., Ltd.
Wu Bin completed the acquisition of 47.83% stake in Beijing Toread Bingxue Holding Development Co., Ltd. from Toread Holdings Group Co., Ltd. (SZSE:300005) on December 14, 2023.
Toread Holdings Group Co., Ltd., formerly Beijing Toread Outdoor Products Co., Ltd., is a China-based company principally engaged in tourism service business. The Company is also engaged in the research, development, design, outsourcing production and sales of outdoor products. The Company's main products include outdoor clothing, outdoor shoes and outdoor equipment. The Company distributes its products under the brand names of TOREAD, Discovery Expedition and ACANU. The Company distributes its products in domestic market and to overseas markets, with North China as its main market.