Tao Shiqing acquired 2.69% stake in Modern Avenue Group Co., Ltd. from Weng Wuyou for CNY 58.6 million.
November 21, 2022
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Tao Shiqing acquired 2.69% stake in Modern Avenue Group Co., Ltd. (SZSE:002656) from Weng Wuyou for CNY 58.6 million on November 21, 2022. As per the transaction, Tao Shiqing acquired 19,200,000 unrestricted tradable shares of Modern Avenue Group Co., Ltd.
Tao Shiqing completed the acquisition of 2.69% stake in Modern Avenue Group Co., Ltd. (SZSE:002656) from Weng Wuyou for CNY 58.6 million on November 21, 2022.
Modern Avenue Group Co., Ltd., formerly Guangzhou CANUDILO Fashion & Accessories Co.,Ltd., is principally engaged in the research, development, design, brand marketing and retail management of men's clothing. The Company's men's clothing products consist of business series and vacation series, including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products and accessories, among others. The Company is also involved in agent sale of garments, cases and leather products under international brands. Through its subsidiaries, the Company is also engaged in the research, development and manufacturing of mobile application products.
MODERN AVENUE GROUP CO., LTD. 
