Hangzhou Qiushi Enterprise Management Partnership Enterprise (Limited Partnership) and Shaoxing Shangyu Baoxiang Enterprise Management Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 44% stake in Zhejiang Jinke Household Chemical Materials Co., Ltd. from Zhejiang Jinke Culture Industry Co., LTD. for CNY 330 million.
June 16, 2019
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Hangzhou Qiushi Enterprise Management Partnership Enterprise (Limited Partnership) and Shaoxing Shangyu Baoxiang Enterprise Management Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 44% stake in Zhejiang Jinke Household Chemical Materials Co., Ltd. from Zhejiang Jinke Culture Industry Co., LTD. (SZSE:300459) for CNY 330 million on June 17, 2019. Hangzhou Qiushi Enterprise Management Partnership Enterprise (Limited Partnership) will pay CNY 90 million for 12% stake and Shaoxing Shangyu Baoxiang Enterprise Management Partnership Enterprise (Limited Partnership) will pay approximately CNY 240 million for 32% stake in Zhejiang Jinke Household Chemical Materials Co., Ltd. The consideration will be paid entirely in cash. This transaction has been reviewed and approved during the Zhejiang Jinke Culture Industry Co., LTD.’s 31st session of the 3rd directorate meeting.
Zhejiang Jinke Tom Culture Industry Co Ltd is a China-based company engaged in Intellectual Property (IP) ecological operation with Talking Tom Cat family IP as the core. The Company's online business mainly includes mobile Internet application distribution business and animation film and television business, which are based on the IP image and content of Talking Tom Cat family to create leisure mobile applications, animation, series of short films, mini-series and other animation and television works. The Company is also engaged in the advertising business through built-in advertising and in-app purchases of mobile application products. The Company's offline business is mainly IP series derivatives and licensing business, including shoes and clothing, daily necessities, aerobic care, intelligent toys and other IP series derivatives, as well as several Talking Tom Cat family IP parent-child theme park stores.
Hangzhou Qiushi Enterprise Management Partnership Enterprise (Limited Partnership) and Shaoxing Shangyu Baoxiang Enterprise Management Partnership Enterprise (Limited Partnership) entered into an agreement to acquire 44% stake in Zhejiang Jinke Household Chemical Materials Co., Ltd. from Zhejiang Jinke Culture Industry Co., LTD. for CNY 330 million.
ZHEJIANG JINKE TOM CULTURE INDUSTRY CO., LTD. 
