Guangdong Goldlok Education Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Goldlok Toys Holdings Co., Ltd.
April 10, 2017
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Guangdong Goldlok Education Technology Co., Ltd. announced that it will receive CNY 20,000,000 in a round of equity funding from existing investor Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) on April 11, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company and the registered capital of the company will increase from CNY 20,000,000 to CNY 40,000,000. The transaction has been approved at the 12th session of the 5th directorate of the investor and does not require the approval from its stockholders. The company reported total assets of CNY 21,733,730.27, total liabilities of CNY 3,148,037.74, net assets of CNY 18,585,692.53, revenue of CNY 15,695,413.67, and net profit of CNY 8,182,507.6 for the year ended December 31, 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.