Wuxi Wisdom Ruixin Management Consulting Partnership (Limited Partnership) entered into an agreement to acquire a minority stake in Jiangsu Jetsen Ruichuang Technology Development Co., Ltd. from Beijing Jetsen Technology Co., Ltd. for CNY 20.6 million.
December 22, 2020
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Wuxi Wisdom Ruixin Management Consulting Partnership (Limited Partnership) entered into an agreement to acquire a minority stake in Jiangsu Jetsen Ruichuang Technology Development Co., Ltd. from Beijing Jetsen Technology Co., Ltd. (SZSE:300182) for CNY 20.6 million on December 22, 2020. In a related transaction, Wuxi Wisdom Ruixin Management also entered into a capital contribution agreement and will increase the capital of Jiangsu Ruichuang by CNY 244.4 million. Post the completion of share transfer and capital contribution agreement Wuxi Wisdom will hold 70.63% stake and Beijing Jetsen will continue to hold 29.37% stake. Jiangsu Jetsen Ruichuang reported total assets of CNY 152.6 million and net assets of CNY 62.2 million as of July 31, 2020. The transaction has been unanimously approved by the Board of Beijing Jetsen on December 22, 2020.
Beijing Jebsen Century Technology Co Ltd, formerly Beijing Jetsen Technology Co Ltd, is a China-based company primarily engaged in the business of film copyright operation and services. The Companyâs copyright operation business provides domestic and foreign films and animations. The Companyâs other products include audio-video integrated solutions, film content production, and other related products. The Company mainly conducts businesses within domestic market.
Wuxi Wisdom Ruixin Management Consulting Partnership (Limited Partnership) entered into an agreement to acquire a minority stake in Jiangsu Jetsen Ruichuang Technology Development Co., Ltd. from Beijing Jetsen Technology Co., Ltd. for CNY 20.6 million.