An unknown buyer acquired a 5.23% stake through judicial auction in Kingnet Network Co., Ltd. from Wang Yue.
October 20, 2022
Share
An unknown buyer acquired a 5.23% stake through judicial auction in Kingnet Network Co., Ltd. (SZSE:002517) from Wang Yue on October 19, 2022. Under the auction 112,477,078 shares have been auctioned out of 123,359,776 shares and period was from August 5, 2022 to August 6, 2022.
An unknown buyer completed the acquisition of a 5.23% stake through judicial auction in Kingnet Network Co., Ltd. (SZSE:002517) from Wang Yue on October 19, 2022.
KINGNET NETWORK CO., LTD., formerly TAIYA SHOES CO., LTD., is a China-based company, principally engaged in the research, development and operation of network games, as well as the distribution of mobile application products. The Company operates its businesses through four segments, including Application Products Distribution, Games Distribution, Web Games and Mobile Network Games. The Company is also engaged in the development, transfer, consulting of computer technologies, the distribution of computer software and hardware products, as well as the import and export of goods and technologies. It distributes its products primarily in domestic market and to overseas markets.
KINGNET NETWORK CO., LTD. 
