Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of 5% stake in Guangzhou Shangpin Home Collection Co., Ltd. from Shenzhen Dachen Caixin Venture Capital Management Co., Ltd. and Tianjin Dachen Chuangfu Equity Investment Fund Center (LP) fund managed by Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd.
August 16, 2021
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Beijing Jingdong Century Trading Co.,Ltd. signed a share transfer agreement to acquire 5% stake in Guangzhou Shangpin Home Collection Co., Ltd. (SZSE:300616) from Shenzhen Dachen Caixin Venture Capital Management Co., Ltd. and Tianjin Dachen Chuangfu Equity Investment Fund Center (LP) fund managed by Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd. for approximately CNY 660 million on June 25, 2021. As per terms, Beijing Jingdong Century Trading Co.,Ltd. will pay 50% within 5 working days after receiving the Shenzhen Stock Exchange’s confirmation and remaining 50% of consideration within 5 working days after the completion of the transfer to acquire 9.9 million share equivalent to 5% at CNY 66.47 per share from Shenzhen Dachen Caixin Venture Capital Management Co., Ltd. and Tianjin Dachen Chuangfu Equity Investment Fund Center (LP) each disposing 2.5% share.
Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of 5% stake in Guangzhou Shangpin Home Collection Co., Ltd. (SZSE:300616) from Shenzhen Dachen Caixin Venture Capital Management Co., Ltd. and Tianjin Dachen Chuangfu Equity Investment Fund Center (LP) fund managed by Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd. on August 17, 2021.
Guangzhou Shangpin Home Collection Co Ltd is a company mainly engaged in manufacturing and sales of furniture and provision of related services. The Company operates two segments. The Furniture Manufacturing and Sales segment provides clients with the production and services of customized furniture products. The segment provides full-roof custom furniture products and supporting furniture products, such as sofa coffee table combinations, dining tables and chairs. The Research, Development, Production and Sales of Software segment is involved in providing customized furniture-related software, including Liangchibao, Zhangshang Puzhuanwang and customized furniture production separate orders system.
Beijing Jingdong Century Trading Co.,Ltd. completed the acquisition of 5% stake in Guangzhou Shangpin Home Collection Co., Ltd. from Shenzhen Dachen Caixin Venture Capital Management Co., Ltd. and Tianjin Dachen Chuangfu Equity Investment Fund Center (LP) fund managed by Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd.
GUANGZHOU SHANGPIN HOME COLLECTION CO., LTD. 
