Guangxi Tencent Venture Capital Investment Co., Ltd. intends to acquire 3% stake in Shanghai Luyou Network Technology Co., Ltd. from Anhui Deli Household Glass Co., Ltd. for CNY 24 million.
December 30, 2020
Share
Guangxi Tencent Venture Capital Investment Co., Ltd. intends to acquire 3% stake in Shanghai Luyou Network Technology Co., Ltd. from Anhui Deli Household Glass Co., Ltd. (SZSE:002571) for CNY 24 million on December 28, 2020. Post acquisition, Anhui Deli Household Glass Co., Ltd. will hold 7% stake and Guangxi Tencent Venture Capital Investment Co., Ltd. will hold 6% stake in Shanghai Luyou Network Technology Co., Ltd. As of December 31, 2019, Shanghai Luyou Network Technology Co., Ltd. has revenues of CNY 39.3 million, total profit of CNY 17.4 million, net profit of CNY 17.7 million, total assets of CNY 15.1 million and net assets of CNY 4.5 million. As of June 30, 2020, Shanghai Luyou Network Technology Co., Ltd. has total assets of CNY 46.4 million and net assets of CNY 42 million. Anhui Deli Household Glass Co., Ltd's general manager office reviewed and approved the transaction.
Anhui Deli Household Glass Co Ltd is a China-based company principally engaged in the research, development, production and distribution of household glassware. The Company's main businesses provide kitchenware, wine and water utensils, other utensils and other businesses. The Company's main glass products comprise daily-use glass, solar glass, packaging glass, optical glass and electrical glass. In addition, The Company owns five brands, including Green Apple, Eglaia, Idelita, Deli Glass and DELISOGA. The Company conducts its businesses in the domestic market and overseas markets, including North America, South America, Europe, the Middle East, Central Asia, Southeast Asia, and Africa.
Guangxi Tencent Venture Capital Investment Co., Ltd. intends to acquire 3% stake in Shanghai Luyou Network Technology Co., Ltd. from Anhui Deli Household Glass Co., Ltd. for CNY 24 million.