China Dive Company Limited entered into an equity transfer agreement to acquire Beihai Huiyu Network Technology Co., Ltd. from Shanghai Qinerliang Network Technology Co., Ltd., Wang Qiang and Ding Yucai for CNY 1.
China Dive Company Limited (SZSE:300526) entered into an equity transfer agreement to acquire Beihai Huiyu Network Technology Co., Ltd. from Shanghai Qinerliang Network Technology Co., Ltd., Wang Qiang and Ding Yucai for CNY 1 on July 24, 2019. The consideration will be paid in cash. China Dive Company Limited will acquire 60% stake from Shanghai Qinerliang Network Technology Co., Ltd., 38.8% stake from Wang Qiang and 1.2% stake from Ding Yucai.Post completion of the transaction, Beihai Huiyu Network Technology Co., Ltd. will become a wholly-owned subsidiary of China Dive Company Limited.