Hangzhou Dinglong Business Management Co., Ltd. cancelled the acquisition of 8.8% stake in Huawei Culture Co., Ltd. from Guo Xiangbin and Guo Qun.
November 20, 2019
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Hangzhou Dinglong Business Management Co., Ltd. signed a share transfer framework agreement to acquire 8.8% stake in Huawei Culture Co., Ltd. (SZSE:002502) from Guo Xiangbin and Guo Qun for approximately CNY 390 million on November 21, 2018. Hangzhou Dinglong Business Management Co., Ltd. will acquire 58.2 million shares represent 6.8% from Guo Xiangbin and 17.1 million shares represent 2% from Guo Qun in Huawei Culture at CNY 5.16 per share. On November 30, 2018, a share transfer agreement has been signed.
Hangzhou Dinglong Business Management Co., Ltd. cancelled the acquisition of 8.8% stake in Huawei Culture Co., Ltd. (SZSE:002502) from Guo Xiangbin and Guo Qun on November 21, 2019.
Dinglong Culture Co.,Ltd., formerly Huawei Culture Co., Ltd., is a China-based company, principally engaged in the manufacture of film and television plays, and the design, development, production and distribution of kinds of toys and game products. The Company provides smart toys, plastic toys, model toys, cartoon and other toys. The Company distributes its products in domestic market and to overseas markets.
DINGLONG CULTURE CO.,LTD. 
