Wuhan DDMC Culture & Sports Co.,Ltd. cancelled the transaction to acquire Nice International Sports Limited from Shanghai Nice Investment Management Center (Limited Partnership).
April 16, 2017
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Wuhan Double Co., Ltd (SHSE:600136) signed the share transfer agreement to acquire Nice International Sports Limited from Shanghai Nice Investment Management Center (Limited Partnership) for €39.5 million on April 17, 2016. Wuhan Double Co., Ltd. is to settle the share transfer price within 15 days after all agreement pre-conditions have been satisfied or after waiver date of the unmet conditions. As of December 31, 2015, Nice International Sports had total assets of €306.95 million and total equity of €250.64 million. On April 17, 2016, the transaction was approved by Board of Directors of Wuhan Double Co., Ltd. On April 28, 2016, the transaction was approved by shareholders of Wuhan Double Co., Ltd.
Wuhan DDMC Culture & Sports Co.,Ltd. (SHSE:600136) cancelled the transaction to acquire Nice International Sports Limited from Shanghai Nice Investment Management Center (Limited Partnership) on April 17, 2017.
WUHAN DDMC CULTURE & SPORTS CO., LTD., formerly Wuhan DDMC Culture Co., Ltd., is principally engaged in the sports business and television dramas business. The Company is also involved in trading of phosphate ores, leasing, operation and management of student apartments, as well as the real estate development and commercial residential building agent distribution.
Wuhan DDMC Culture & Sports Co.,Ltd. cancelled the transaction to acquire Nice International Sports Limited from Shanghai Nice Investment Management Center (Limited Partnership).