Shenzhen Bingchuan Network Co.,Ltd. cancelled the acquisition of 16.25% stake in Shenzhen Chuanbo Network Technology Co., Ltd. from Xinyu Zhibo Entertainment Investment Enterprise (Limited Partnership).
April 21, 2020
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Shenzhen Bingchuan Network Co.,Ltd. (SZSE:300533) agreed to acquire 16.25% stake in Shenzhen Chuanbo Network Technology Co., Ltd. from Xinyu Zhibo Entertainment Investment Enterprise (Limited Partnership) for CNY 4 million on April 21, 2019. The consideration will be paid in cash. For the year ended December 31, 2018, Shenzhen Chuanbo Network Technology Co., Ltd. reported revenues of CNY 48.88 million, operating profit of CNY 7.39 million and net profit of CNY 6.38 million and had total assets of CNY 36.31 million and net assets of CNY 22.78 million as on December 31, 2018. The transaction was approved by the Board of Shenzhen Bingchuan Network Co.,Ltd. and doesn’t require shareholder approval.
Shenzhen Bingchuan Network Co.,Ltd. (SZSE:300533) cancelled the acquisition of 16.25% stake in Shenzhen Chuanbo Network Technology Co., Ltd. from Xinyu Zhibo Entertainment Investment Enterprise (Limited Partnership) on April 21, 2020.
SHENZHEN BINGCHUAN NETWORK CO., LTD. is a China-based company principally engaged in the research, development and operation of online games. The Companyâs products mainly are personal computer (PC) online games, including Yuanzheng OL, Longwu and Bubaichuanshuo. The Company is also engaged in the research and development of other products. The Company distributes its products in domestic market and to overseas markets.
Shenzhen Bingchuan Network Co.,Ltd. cancelled the acquisition of 16.25% stake in Shenzhen Chuanbo Network Technology Co., Ltd. from Xinyu Zhibo Entertainment Investment Enterprise (Limited Partnership).