Goldlok Toys Holdings Co., Ltd. completed the acquisition of 45% stake in Shenzhen Yidu Information Industry Co., Ltd. from Zhang Zihe, Zhou Fang, Shenzhen Jumai Innovation Technology Industry (Limited Partnership), and Shenzhen Mingcheng Innovation Technology Industry (Limited Partnership).
September 22, 2017
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Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) agreed to acquire 45% stake in Shenzhen Yidu Information Industry Co., Ltd. from Zhang Zihe, Zhou Fang, Shenzhen Jumai Innovation Technology Industry (Limited Partnership), and Shenzhen Mingcheng Innovation Technology Industry (Limited Partnership) for CNY 270 million on July 20, 2017. In a related transaction, Goldlok Toys Holdings (Guangdong) Co., Ltd. will carry out a capital increase of CNY 90 million in Shenzhen Yidu Information Industry Co., Ltd. and Zhang Zihe, Zhou Fang, Shenzhen Jumai Innovation Technology Industry (Limited Partnership), and Shenzhen Mingcheng Innovation Technology Industry (Limited Partnership) must use a 75% of their earnings to buy shares of Goldlok Toys Holdings (Guangdong) Co., Ltd. After both the transactions, Shenzhen Yidu Information Industry Co., Ltd. will hold 53.25% stake in Shenzhen Yidu Information Industry Co., Ltd. The Board of Directors of Goldlok Toys Holdings (Guangdong) Co., Ltd. approved the transaction on July 20, 2017. The shareholders' of Goldlok Toys Holdings (Guangdong) Co., Ltd. approved the transaction on August 8, 2017.
Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) completed the acquisition of 45% stake in Shenzhen Yidu Information Industry Co., Ltd. from Zhang Zihe, Zhou Fang, Shenzhen Jumai Innovation Technology Industry (Limited Partnership), and Shenzhen Mingcheng Innovation Technology Industry (Limited Partnership) on September 22, 2017. As of November 9, 2017, the entire consideration was paid.
Goldlok Holdings Guangdong Co Ltd, formerly Goldlok Toys Holdings Guangdong Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of electronic and electric plastic toys. The Company is engaged in two businesses. Toys and related businesses cover a complete industrial system of research, development, design, mold manufacturing, production and sales. The main product cover electronic electric toys, plastic toys, plush toys, educational toys, and intelligent interactive toys. The Internet education business is engaged in providing comprehensive solutions for smart education starting from kindergarten to grade 12 (K12). The core technical support of the business includes cloud computing, big data, intelligent hardware, Internet of Things, artificial intelligence and other fields.
Goldlok Toys Holdings Co., Ltd. completed the acquisition of 45% stake in Shenzhen Yidu Information Industry Co., Ltd. from Zhang Zihe, Zhou Fang, Shenzhen Jumai Innovation Technology Industry (Limited Partnership), and Shenzhen Mingcheng Innovation Technology Industry (Limited Partnership).