A consortium of buyers agreed to acquire Shenzhen Qianhai Patuoxun Network Technology Co., Ltd. from Global Top E-Commerce Co., Ltd. for CNY 1.8 billion.
March 23, 2021
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A consortium of buyers agreed to acquire Shenzhen Qianhai Patuoxun Network Technology Co., Ltd. from Global Top E-Commerce Co., Ltd. (SZSE:002640) for CNY 1.8 billion on March 22, 2021. The buyer consortium intends to sign the agreement to acquire Shenzhen Qianhai Patuoxun. Under the terms of transaction, Shenzhen Pato Brand Investment Partnership (Limited Partnership) will acquire 12.68% for CNY 25.6 million, Shenzhen Yongpa Investment Partnership Enterprise (Limited Partnership) will acquire 7.04% stake for CNY 142.3 million, Shenzhen Yongxun Investment Partnership (Limited Partnership) will acquire 2.11% stake for CNY 42.7 million, Shenzhen Paqi Partnership will acquire 3.52% stake for CNY 71.1 million, Shenzhen Pazhong Investment Partnership will acquire 4.23% stake for CNY 85.4 million, Xiaomi will acquire 11.7% stake for CNY 236.3 million, ACHIEVER VENTURES III will acquire 11.7% stake for CNY 236.3 million, Xiamen Yiwei Yihang Investment Partnership will acquire 5.85% stake for CNY 118.1 million, Pingtan Maibu Investment will acquire 0.9% stake for CNY 18.1 million, Zhou Min will acquire 2.34% stake for CNY 47.3 million, Ningbo Meishan Free Trade Port Zone CDH Futao will acquire 1.68% stake for CNY 34 million, Hangzhou CDH Yongfu Equity Investment will acquire 2.99% stake for CNY 60.5 million, Ningbo Jiajun Nuorong Equity Investment Partnership will acquire 1.82% stake for CNY 36.8 million, Xiamen Youth Smart Management Consulting Partnership will acquire 4.68% stake for CNY 94.5 million, Beijing Quantum Jump Technology will acquire 6.63% stake for CNY 133.9 million, Yangzhou Lanyi Zhenxun Equity Investment Partnership will acquire 1.04% stake for CNY 21 million, Guangzhou Huangpu Chuangrong Equity Investment Partnership will acquire 9.88% for CNY 199.5 million and Shenzhen Payou Investment Partnership will acquire 3.51% stake for CNY 70.9 million. In a related transaction, a consortium of buyer will enter into capital increase transaction for Shenzhen Qianhai Patuoxun Network Technology. As of October 31, 2020, Shenzhen Qianhai Patuoxun Network reported total assets of CNY 1.3 billion and net assets of CNY 675.8 million. The transaction has been approved by Board of Global Top E-Commerce.
Global Top E-Commerce Co.,Ltd., formerly Shanxi Baiyuan Trousers Chain Management Co., Ltd., is a China-based company principally engaged in cross-border e-commerce business. The Company is mainly engaged in cross-border e-commerce exporting business and cross-border e-commerce importing business. The Company distributes apparel and household products, electronic products and other products through its e-commerce distribution platforms. The Company operates its business in domestic and overseas markets, with overseas market as its main market.
A consortium of buyers agreed to acquire Shenzhen Qianhai Patuoxun Network Technology Co., Ltd. from Global Top E-Commerce Co., Ltd. for CNY 1.8 billion.