Hangzhou Qiantang Investment Co., Ltd. and Wei Yiwu cancelled the acquisition of 51% stake in Huijin Technology Co., Ltd. from Guangxi Fortune Technology Co., Ltd..
March 20, 2020
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Hangzhou Qiantang Investment Co., Ltd. and Wei Yiwu intends to acquire 51% stake in Huijin Technology (Shenzhen) Co., Ltd. from Guangxi Fortune Technology Co., Ltd. (SHSE:600556) for CNY 22 million on March 21, 2019. As per the terms, Guangxi Fortune Technology will sell 29% stake to Hangzhou Qiantang Investment for CNY 12.5 million and will sell 22% stake to Wei Yiwu for CNY 9.5 million. Post acquisition, Guangxi Fortune Technology will no longer hold any equity in Huijin Technology. As of December 31, 2018, Huijin Technology reported total assets of CNY 17.6 million, net assets of CNY 17.32 million, revenue of CNY 0.07 million and net loss of CNY 2.5 million. The transaction has been approved by the 8th meeting of the 9th directorate of Guangxi Fortune and there is no need for approval from the shareholders’ meeting of Guangxi Fortune.
Hangzhou Qiantang Investment Co., Ltd. and Wei Yiwu cancelled the acquisition of 51% stake in Huijin Technology (Shenzhen) Co., Ltd. from Guangxi Fortune Technology Co., Ltd. (SHSE:600556) on March 21, 2020.
INMYSHOW DIGITAL TECHNOLOGY (GROUP) CO.,LTD., formerly GUANGXI FORTUNE TECHNOLOGY CO., LTD., is a technology-driven new media marketing service company based on big data. The Company mainly provides intelligent new media marketing solutions for advertisers based on its self-developed big data system. The Company offers two services. New media marketing client agency services: providing customers with a series of services such as strategy formulation, placement planning and implementation, social media account operation and performance monitoring. New media advertising transaction system services: providing with platform operation and maintenance and technical support for the connection between advertisers and self-media. The Companyâs promotion centers include Weibo, WeChat, live broadcast platforms and many other platforms. Its customers cover industries like information technology, finance, fast-moving consumer goods, automobiles, home appliances and digital areas.
Hangzhou Qiantang Investment Co., Ltd. and Wei Yiwu cancelled the acquisition of 51% stake in Huijin Technology Co., Ltd. from Guangxi Fortune Technology Co., Ltd..
INMYSHOW DIGITAL TECHNOLOGY(GROUP)CO.,LTD. 
