Hualu Capital Holdings Limited cancelled the acquisition of 10% stake in Hualu North Cultural Technology Co., Ltd. from Beijing HualuBaina Film&Tv Co., Ltd..
April 07, 2021
Share
Hualu Capital Holdings Limited signed an agreement to acquire 10% stake in Hualu North Cultural Technology Co., Ltd. from Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) for CNY 60.2 million on April 8, 2020. Payment will be done in 2 installments of 50% of the transactional price each. The 1st installment is payable within 5 days since signing of the respective agreement and the 2nd installment is payable within 5 days since completion of change of registry procedures. As of October 31, 2019, Hualu North Cultural Technology Co., Ltd. has reported total assets of CNY 930.4 million and net assets of CNY 27.8 million. The Board of Directors of Beijing HualuBaina Film&Tv Co., Ltd. has approved the transaction.
Hualu Capital Holdings Limited cancelled the acquisition of 10% stake in Hualu North Cultural Technology Co., Ltd. from Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) on April 8, 2021.
Beijing Baination Pictures Co Ltd, formerly Beijing HualuBaina Film&Tv Co Ltd, is a China-based company mainly engaged in film and television media business. The Company's main business is the investment, production, distribution and derivative services of film and television dramas and animation. The Company's main products include movie theaters, online series, online movies, animation and others. The Company is also in the business of content marketing and media agency.
Hualu Capital Holdings Limited cancelled the acquisition of 10% stake in Hualu North Cultural Technology Co., Ltd. from Beijing HualuBaina Film&Tv Co., Ltd..