Xiamen Jihong Package Technology Ltd. and Xiamen Zhengqi Information Technology Co., Ltd. agreed to acquire Beijing Longyu Star Technology Co., Ltd. from Ningbo Yige Investment Management Partnership Enterprise (LP) and Ningbo Meishan Bonded Port Area Yunyu Equity Investment Management Partnership Enterprise (LP) for approximately CNY 190 million.
March 29, 2018
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Xiamen Jihong Package Technology Ltd. (SZSE:002803) and Xiamen Zhengqi Information Technology Co., Ltd. agreed to acquire Beijing Longyu Star Technology Co., Ltd. from Ningbo Yige Investment Management Partnership Enterprise (LP) and Ningbo Meishan Bonded Port Area Yunyu Equity Investment Management Partnership Enterprise (LP) for approximately CNY 190 million on March 29, 2018. On April 5, 2018, an agreement is signed. Under the terms of the transaction, Xiamen Jihong Package Technology Ltd. will acquire 90% stake and Xiamen Zhengqi Information Technology Co., Ltd. will acquire 10% stake. For the year ended December 31, 2017, Beijing Longyu Star Technology Co., Ltd. reported total assets of CNY 41.4 million, net assets of CNY 27.3 million, revenue of CNY 64.4 million, operating profit of CNY 28.2 million and net profit of CNY 27.3 million. The transaction was approved by the 19th session of the 3rd directorate meeting of Xiamen Jihong Package Technology Ltd. on March 29, 2018 and does not need its shareholders’ approval.
Xiamen Jihong Technology Co.,Ltd, formerly Xiamen Jihong Package Technology Ltd., is a comprehensive solution provider for packaging and Internet services based on creative design and advertising planning. The Company operates its business through two segments. The Packaging Business includes the production and sale of paper containers such as color packaging cartons, color packaging boxes and environmentally friendly paper bags. The Internet Business includes Internet precision marketing and cross-border e-commerce extended by precision marketing. The Company conducts its business both in the domestic market and overseas markets.
Xiamen Jihong Package Technology Ltd. and Xiamen Zhengqi Information Technology Co., Ltd. agreed to acquire Beijing Longyu Star Technology Co., Ltd. from Ningbo Yige Investment Management Partnership Enterprise (LP) and Ningbo Meishan Bonded Port Area Yunyu Equity Investment Management Partnership Enterprise (LP) for approximately CNY 190 million.