Wenzhou Yiyang Enterprise Management Partnership Enterprise signed a contract to acquire additional 25% stake in Hangzhou Fangbu Health Technology Co., Ltd. from Boutiques, Inc..
August 30, 2020
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Wenzhou Yiyang Enterprise Management Partnership Enterprise signed a contract to acquire additional 25% stake in Hangzhou Fangbu Health Technology Co., Ltd. from Boutiques, Inc. (TSE:9272) on August 31, 2020. Hangzhou Fangbu Health Technology reported net assets of CNY 1.9 million and total assets of CNY 1.9 million as of March 31, 2020. The execution of equity transfer is planned on September 2020.
Boutiques, Inc. is a Japan-based company mainly operating in nursing care industry. It operates through two business segments. BtoB business conducts its commerce business mainly with corporate customers, and mainly focuses on negotiation type exhibition business and M & A intermediary business. BtoC business mainly serves general consumers, and purchases merchandise such as nursing care products from various suppliers, and conducts Internet sales (e-commerce) to general consumers.
Wenzhou Yiyang Enterprise Management Partnership Enterprise signed a contract to acquire additional 25% stake in Hangzhou Fangbu Health Technology Co., Ltd. from Boutiques, Inc..
BOUTIQUES, INC. 
