Nanchang Economic and Technological Development Zone Chinese Xushun Enterprise Management Partnershi entered into a share transfer agreement to acquire 6.9% stake in Qtone Education Group Co.,Ltd from Zhongshan Fenghui Capital Management Co., Ltd., Quanding Capital Management Co., Ltd., Chen Chichang and Lin Xiaoya for approximately CNY 350 million.
September 08, 2020
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Nanchang Economic and Technological Development Zone Chinese Xushun Enterprise Management Partnershi entered into a share transfer agreement to acquire 6.9% stake in Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) from Zhongshan Fenghui Capital Management Co., Ltd., Quanding Capital Management Co., Ltd., Chen Chichang and Lin Xiaoya for approximately CNY 350 million on September 7, 2020. Under the terms of the transaction, Nanchang Economic will acquire 43.7 million shares in Qtone at an offer per share of CNY 8.
QTONE EDUCATION GROUP (GUANGDONG).,LTD. , formerly GUANGDONG QTONE EDUCATION CO., LTD is primarily engaged in the provision of family education information services. The Company operates in three segments, including Family Interaction Updating, Education Software as a Service (EdSaaS) and Continuing Education. The Company mainly operates its business in domestic market.
Nanchang Economic and Technological Development Zone Chinese Xushun Enterprise Management Partnershi entered into a share transfer agreement to acquire 6.9% stake in Qtone Education Group Co.,Ltd from Zhongshan Fenghui Capital Management Co., Ltd., Quanding Capital Management Co., Ltd., Chen Chichang and Lin Xiaoya for approximately CNY 350 million.
QTONE EDUCATION GROUP (GUANGDONG) CO.,LTD 
