Zhejiang Jinke Culture Industry Co., LTD. entered into a conditional equity transfer agreement to acquire Wanjin Trading Co., Ltd. from Jinke Holding Group Co., Ltd. for CNY 1 billion.
July 15, 2020
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Zhejiang Jinke Culture Industry Co., LTD. (SZSE:300459) entered into a conditional equity transfer agreement to acquire Wanjin Trading Co., Ltd. from Jinke Holding Group Co., Ltd. for CNY 1 billion on July 16, 2020. The transaction was approved by the board of Zhejiang Jinke Culture Industry and is subject to approval from the shareholders. For the year ended December 31, 2020, Wanjin Trading reported total assets of CNY 439.18 million, net liability of CNY 44.77 million, revenue of CNY 112.42 million, operational profit of CNY 14.34 million and net profit of CNY 13.43 million.
Zhejiang Jinke Tom Culture Industry Co Ltd is a China-based company engaged in Intellectual Property (IP) ecological operation with Talking Tom Cat family IP as the core. The Company's online business mainly includes mobile Internet application distribution business and animation film and television business, which are based on the IP image and content of Talking Tom Cat family to create leisure mobile applications, animation, series of short films, mini-series and other animation and television works. The Company is also engaged in the advertising business through built-in advertising and in-app purchases of mobile application products. The Company's offline business is mainly IP series derivatives and licensing business, including shoes and clothing, daily necessities, aerobic care, intelligent toys and other IP series derivatives, as well as several Talking Tom Cat family IP parent-child theme park stores.
Zhejiang Jinke Culture Industry Co., LTD. entered into a conditional equity transfer agreement to acquire Wanjin Trading Co., Ltd. from Jinke Holding Group Co., Ltd. for CNY 1 billion.
ZHEJIANG JINKE TOM CULTURE INDUSTRY CO., LTD. 
