Shanghai Aiyingshi Co.,Ltd cancelled letter of intent to acquire Shanghai Zhiyile Commerce and Trade Co., Ltd. from Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) and Xiong Guiying.
December 26, 2020
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Shanghai Aiyingshi Co.,Ltd (SHSE:603214) signed letter of intent to acquire Shanghai Zhiyile Commerce and Trade Co., Ltd. from Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) and Xiong Guiying on December 26, 2019. As of May 30, 2020, Shanghai Aiyingshi Co.,Ltd signed an equity transfer agreement to acquire Shanghai Zhiyile Commerce and Trade Co., Ltd. from Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) and Xiong Guiying for CNY 55 million. Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) will receive CNY 54.94 million and Xiong Guiying will receive CNY 0.55 million. Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) will transfer a 99.9% stake in the target company while Xiong Guiying will transfer a 0.1% stake. The transaction has been reviewed and approved by Shanghai Aiyingshi at its 20th Meeting of third Board of Directors on May 30, 2020.
Shanghai Aiyingshi Co.,Ltd (SHSE:603214) cancelled letter of intent to acquire Shanghai Zhiyile Commerce and Trade Co., Ltd. from Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) and Xiong Guiying on December 26, 2020.
Shanghai Aiyingshi Co., Ltd is a China-based company principally engaged in the sales of maternal and baby products and the provision of related services. The Company is a chain retailer which provides maternal and baby supplies, as well as prenatal and baby health services for pre-pregnancy to 6-year-old infant families. The Companyâs products mainly include infant milk powder, nutritional products, diapers, feeding supplies, toys, baby clothing, toiletries, maternity products, cotton textiles, strollers and others. The Company mainly distributes its products through direct sale stores and e-commerce channels.
Shanghai Aiyingshi Co.,Ltd cancelled letter of intent to acquire Shanghai Zhiyile Commerce and Trade Co., Ltd. from Shanghai Nuoxi Management Consulting Partnership (Limited Partnership) and Xiong Guiying.
SHANGHAI AIYINGSHI CO.,LTD 
