Zhejiang Sunriver Culture Co.,Ltd. completed the acquisition of 20% stakes in Ya'an Oriental Bifengxia Tourism Co., Ltd. from Chengdu Wanguan Real Estate Co., Ltd.
August 07, 2023
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Zhejiang Sunriver Culture Co.,Ltd. (SHSE:600576) agreed to acquire 20% stakes in Ya'an Oriental Bifengxia Tourism Co., Ltd. from Chengdu Wanguan (Group) Real Estate Co., Ltd. for approximately CNY 120 million on July 20, 2023. In a related transaction, Zhejiang Sunriver Culture Co.,Ltd. (SHSE:600576) agreed to acquire 60% stakes in Ya'an Oriental Bifengxia Tourism Co., Ltd. from Wuxi Youmu Chenghuai Tourism Culture Co., Ltd for CNY 406.32 million. First installment (30% of total transfer price - CNY 37.2 million) to be paid within 3 working days of meeting conditions. Remaining transfer price (CNY 86.8 million) due within 3 working days after conditions are met as per Equity Transfer Agreement. Ya'an Oriental Bifengxia Tourism Co., Ltd. reported financials for March 31, 2023, total assets of 201.290 million and net assets of CNY 79.01 million. Zhejiang Sunriver Culture Co.,Ltd. board of directors approved the transaction. The transaction is approved by the shareholders of Zhejiang Sunriver on August 7, 2023.
Zhejiang Sunriver Culture Co.,Ltd. (SHSE:600576) completed the acquisition of 20% stakes in Ya'an Oriental Bifengxia Tourism Co., Ltd. from Chengdu Wanguan (Group) Real Estate Co., Ltd. on August 8, 2023.
Zhejiang Sunriver Culture Tourism Co Ltd, formerly Zhejiang Sunriver Culture Co Ltd, is a company mainly engaged in animation and its derivative business. The Company is also engaged in animation film and television business, internet promotion business, cultural tourism animation business and financial leasing business. The animation and its derivatives business is mainly engaged in the creativity, planning, production and distribution of mobile Internet new media animation, animation copyright authorization, development and operation of derivatives, animation base support, etc. The animation film and television business is mainly engaged in the creativity, production and investment of animation films, animation dramas and animation short videos. The internet promotion business is mainly engaged in traffic integration and Internet marketing. The cultural tourism animation business mainly refers to cooperation with tourism destinations and integration and innovation attempts.
Zhejiang Sunriver Culture Co.,Ltd. completed the acquisition of 20% stakes in Ya'an Oriental Bifengxia Tourism Co., Ltd. from Chengdu Wanguan Real Estate Co., Ltd.