Goldlok Toys Holdings Co., Ltd. entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million.
October 17, 2016
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Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million on October 14, 2016. Chen Jialin will sell 50% stake, Ding Wenguang will sell 30% stake, and Yang Yicheng will sell 20% stake. During the year ended December 31, 2015, Guangdong Fan’aizhong Network Technology Co., Ltd. had total assets of CNY 12.64 million, shareholder’s equity of CNY 10.25 million, revenue of CNY 9.69 million, and net profit of CNY 4.76 million. Board of Directors of Goldlok Toys Holdings (Guangdong) Co., Ltd. approved the transaction on October 14, 2016.
Goldlok Holdings (Guangdong) Co., Ltd., formerly GOLDLOK TOYS HOLDINGS (GUANGDONG) CO., LTD., is a China-based company, principally engaged in the research and development, manufacture and distribution of electronic and electrical plastic toys. The Company's major products include electric trains, remote control simulated planes, robot toys, electrical automobile toys, dolls and magnetic word pads for learning, among others. The Company also engages in trading business, and the provision of education information services. It distributes its products in domestic and overseas markets, such as the United States, Latin America, European Union (EU) and other Asian regions.
Goldlok Toys Holdings Co., Ltd. entered into an agreement to acquire Guangdong Fan’aizhong Network Technology Co., Ltd. from Chen Jialin, Ding Wenguang, and Yang Yicheng for CNY 90 million.
GOLDLOK HOLDINGS(GUANGDONG) CO.,LTD. 
