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 29, 2020
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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 Housedhold Glass Co.,Ltd is a China-based company principally engaged in the research, development, production and sale of daily glassware. The Company's main products include kitchen utensils, wine and water utensils and other utensils. The Company owns various brands, such as Green Apple, Deli, Aglaia, Edelita and Spele. The Company distributes its products in domestic market and to overseas markets.
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.