Shanghai Baicheng Enterprise Management Partnership Enterprise (Limited Partnership), Shanghai Maitu Enterprise Management Partnership Enterprise (Limited Partnership) and TB Marketing Clouds Holdings (HK) Limited signed an agreement to acquire 83% stake in DATA100 Market Research Co.Ltd. from Zhewen Interactive Group Co., Ltd. for approximately CNY 200 million.
May 17, 2021
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Shanghai Baicheng Enterprise Management Partnership Enterprise (Limited Partnership), Shanghai Maitu Enterprise Management Partnership Enterprise (Limited Partnership) and TB Marketing Clouds Holdings (HK) Limited signed an agreement to acquire 83% stake in DATA100 Market Research Co.Ltd. from Zhewen Interactive Group Co., Ltd. (SHSE:600986) for approximately CNY 200 million on May 17, 2021. Shanghai Baicheng Enterprise Management Partnership Enterprise (Limited Partnership), Shanghai Maitu Enterprise Management Partnership Enterprise (Limited Partnership) and TB Marketing Clouds Holdings (HK) Limited will acquire 19.78%, 1.22% and 62% for CNY 48.45 million, CNY 3 million and CNY 151.9 million respectively. DATA100 Market Research reported total assets of CNY 89.8 million and owner’s equity of CNY 48.6 million as on March 31, 2021. The transaction was approved by the Board of Zhewen Interactive Group.
Zhewen Interactive Group Co Ltd is a China-based company mainly engaged in digital marketing business. The Company is principally engaged in the provision of performance marketing, brand marketing and data services. The Company's innovative businesses include commercial housing sales, road and bridge construction and ancillary facilities, sales of semiconductor components and others.
Shanghai Baicheng Enterprise Management Partnership Enterprise (Limited Partnership), Shanghai Maitu Enterprise Management Partnership Enterprise (Limited Partnership) and TB Marketing Clouds Holdings (HK) Limited signed an agreement to acquire 83% stake in DATA100 Market Research Co.Ltd. from Zhewen Interactive Group Co., Ltd. for approximately CNY 200 million.