Toread Holdings Group Co., Ltd. completed the acquisition of 33.99% stake in G2 Touch Co.,Ltd. from CLOVER HITECH.CO., LTD., Welkeeps Holdings Co., Ltd. and Chong Han Park
June 01, 2023
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Toread Holdings Group Co., Ltd. (SZSE:300005) agreed to acquire 33.99% stake in G2 Touch Co.,Ltd. from CLOVER HITECH.CO., LTD. (KOSDAQ:A043590), Welkeeps Holdings Co., Ltd. and Chong Han Park for $17.9 million on March 30, 2023. The transaction is scheduled to complete on May 31, 2023. As on May 31, 2023, Welkeeps Hitech Co.,Ltd (KOSDAQ:A043590) completed the sale of 21.9% stake.
Toread Holdings Group Co., Ltd. (SZSE:300005) completed the acquisition of 33.99% stake in G2 Touch Co.,Ltd. from CLOVER HITECH.CO., LTD. (KOSDAQ:A043590), Welkeeps Holdings Co., Ltd. and Chong Han Park on June 2, 2023.
Toread Holdings Group Co., Ltd., formerly Beijing Toread Outdoor Products Co., Ltd., is a China-based company principally engaged in tourism service business. The Company is also engaged in the research, development, design, outsourcing production and sales of outdoor products. The Company's main products include outdoor clothing, outdoor shoes and outdoor equipment. The Company distributes its products under the brand names of TOREAD, Discovery Expedition and ACANU. The Company distributes its products in domestic market and to overseas markets, with North China as its main market.
Toread Holdings Group Co., Ltd. completed the acquisition of 33.99% stake in G2 Touch Co.,Ltd. from CLOVER HITECH.CO., LTD., Welkeeps Holdings Co., Ltd. and Chong Han Park
TOREAD HOLDINGS GROUP CO., LTD. 
