Calxon Internet Technology Co., Ltd. signed a stake transfer agreement to acquire Aimei Cinema Investment Co., Ltd. from Beijing Jingxi Culture and Tourism Co., Ltd. for CNY 30 million.
August 31, 2018
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Calxon (Shanghai) Internet Technology Co., Ltd. signed a stake transfer agreement to acquire Aimei (Beijing) Cinema Investment Co., Ltd. from Beijing Jingxi Culture and Tourism Co., Ltd. (SZSE:000802) for CNY 30 million on July 30, 2018. As per the agreement, Calxon (Shanghai) Internet Technology Co., Ltd. will pay CNY 0.11 million for the shares and CNY 29.9 million for creditor’s rights. After the completion, Calxon (Shanghai) Internet Technology Co., Ltd. will directly hold 100% stake in Aimei (Beijing) Cinema Investment Co., Ltd. For the year ended December 31, 2017, Aimei (Beijing) Cinema Investment Co., Ltd. had revenue of CNY 9.87 million and net loss of CNY 0.14 million. As on December 31, 2017, Aimei (Beijing) Cinema Investment Co., Ltd. had total assets of CNY 26.14 million and total owner's liability of CNY 5.33 million. The Board of Directors of China Calxon Group Co., Ltd., parent of Calxon (Shanghai) Internet Technology Co., Ltd., approved the transaction in the 19th session of 6th directorate meeting on July 30, 2018.
BEIJING JINGXI CULTURE & TOURISM CO.,LTD, is a China-based company principally engaged in film and television culture business. The Company is mainly engaged in the investment, production, distribution and sale of films, television dramas and variety show projects, as well as artist management business. The Company is also involved in tourism business, which includes the provision of scenic tours, catering, tour guides, consulting and parking management services, among others. The Company operates its business mainly in Beijing and Tibet Autonomous Region, China.
Calxon Internet Technology Co., Ltd. signed a stake transfer agreement to acquire Aimei Cinema Investment Co., Ltd. from Beijing Jingxi Culture and Tourism Co., Ltd. for CNY 30 million.