Jiangsu Xiuqiang Glasswork Co., Ltd. signed a share transfer agreement to acquire 65.27% stake in Jiangsu Tongmeng Early Childhood Education Information Consultancy Co., Ltd. from Xinyu Xiangyi Children’s Education Service Consultancy Partnership Enterprise (Limited Partnership) for approximately CNY 180 million.
November 27, 2016
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Jiangsu Xiuqiang Glasswork Co., Ltd. (SZSE:300160) signed a share transfer agreement to acquire 65.27% stake in Jiangsu Tongmeng Early Childhood Education Information Consultancy Co., Ltd. from Xinyu Xiangyi Children’s Education Service Consultancy Partnership Enterprise (Limited Partnership) for approximately CNY 180 million on November 25, 2016. Transaction will be financed from self-raised funds. Jiangsu Tongmeng reported total assets of CNY 13.2 million and net assets of CNY 12.45 million. The transaction has been approved by the Board of Directors of Jiangsu Xiuqiang Glasswork Co.
Jiangsu Xiuqiang Glasswork Co., Ltd. is a China-based company principally engaged in the deep processing of glass and operation, management of kindergartens. The Company operates through two main segments. The Deep Processing of Glass segment is mainly involved in the research, development, manufacture and sales of deep processing glass products which include appliance glass, household glass, photovoltaic glass and cover plate glass of display screens. The Operation and Management of Kindergartens segment is mainly involved in the acquisition of kindergartens and provision of integrated solution plans for kindergartens.
Jiangsu Xiuqiang Glasswork Co., Ltd. signed a share transfer agreement to acquire 65.27% stake in Jiangsu Tongmeng Early Childhood Education Information Consultancy Co., Ltd. from Xinyu Xiangyi Children’s Education Service Consultancy Partnership Enterprise (Limited Partnership) for approximately CNY 180 million.
JIANGSU XIUQIANG GLASSWORK CO., LTD. 
