Yuan Xionggui completed the acquisition of 5.04% stake in Tangel Publishing Co., Ltd. from Hunan Tiara Investment Co., Ltd. and Xiao Le.
September 28, 2020
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Yuan Xionggui signed a share transfer agreement to acquire 5.04% stake in Tangel Publishing Co., Ltd. (SZSE:300148) from Hunan Tiara Investment Co., Ltd. and Xiao Le for approximately CNY 230 million on September 1, 2020. Yuan Xionggui will acquire 42.3 million shares in Tangel Publishing with a transfer price of CNY 5.35 per share. Yuan Xionggui will acquire 41.3 million and 0.96 million shares from Hunan Tiara Investment and Xiao Le constituting to 4.93% and 0.12% stake in Tangel Publishing respectively.
Yuan Xionggui completed the acquisition of 5.04% stake in Tangel Publishing Co., Ltd. (SZSE:300148) from Hunan Tiara Investment Co., Ltd. and Xiao Le on September 29, 2020.
Tangel Culture Co Ltd. is a China-based company principally engaged in the publication and issuing of books, as well as the development and operation of mobile online games. The Companyâs main products include juvenile books, social science books and mobile online games. The Company is also engaged in the provision of Internet education services. The Company distributes its products mainly in domestic market.