Beijing Junchuang Tongda Investment Management Co., Ltd., Xu Zhangjun and Gai Jianxiang completed the acquisition of 32% stake in Beijing Henghai Yingyuan Cultural Media Co., Ltd. from Hengxin Mobile Business Co., Ltd..
December 21, 2014 at 11:00 pm EST
Share
Beijing Junchuang Tongda Investment Management Co., Ltd., Xu Zhangjun and Gai Jianxiang signed an equity transfer agreement to acquire 32% stake in Beijing Henghai Yingyuan Cultural Media Co., Ltd. from Hengxin Mobile Business Co., Ltd. (SZSE:300081) for CNY 19.2 million on December 9, 2014. Beijing Junchuang will acquire 12% stake for CNY 7.2 million and each of Xu Zhangjun and Gai Jianxiang will acquire 10% stake for CNY 6 million in Henghai Yingyuan. Beijing Junchuang Tongda, Xu Zhangjun and Gai Jianxiang must pay 55% of the equity transfer amount within 5 days upon approval of the Board of Directors meeting of Hengxin Mobile Business Co., Ltd. and 45% of the equity transfer amount mused be paid within half year upon effective of the agreement, and upon the completion of equity changes in the Department of Trade and Industry and completion of changes in the company's article of incorporation.
As of December 31, 2013, Beijing Henghai Yingyuan Cultural's total assets amounted to CNY 7.4 million, net assets to CNY 6.21 million, revenues to CNY 4.25 million and net loss to CNY 0.64 million. The transaction was approved by Board of Directors of Hengxin Mobile Business Co., Ltd. on December 8, 2014.
Beijing Junchuang Tongda Investment Management Co., Ltd., Xu Zhangjun and Gai Jianxiang completed the acquisition of 32% stake in Beijing Henghai Yingyuan Cultural Media Co., Ltd. from Hengxin Mobile Business Co., Ltd. (SZSE:300081) on December 22, 2014.
HENGXIN SHAMBALA CULTURE CO.,LTD., formerly HENGXIN MOBILE BUSINESS CO.,LTD., is a China-based company principally engaged in the industries supported by artistic creativity and visual technology. The Company operates through three main segments. The Computer Graphics (CG) and Visual Reality (VR) Content Production segment is mainly involved in the utilization of the Company's own CG and VR virtual reality content creation capabilities to build an image data asset library.The Children Industry Chain Development and Operation segment is mainly involved in the content production of childrenâs intellectual property (IP), channel distribution, derivative product licensing, and operation of the offline theme parks. The Location Based Entertainment (LBE) segment is mainly engaged in the provision of LBE venue design and manufacturing services to customers. Through its subsidiaries, the Company is also engaged in the mobile phone retail business and operator customized end product business.
Beijing Junchuang Tongda Investment Management Co., Ltd., Xu Zhangjun and Gai Jianxiang completed the acquisition of 32% stake in Beijing Henghai Yingyuan Cultural Media Co., Ltd. from Hengxin Mobile Business Co., Ltd..