Hangzhou Dinglong Enterprise Management Co., Ltd. completed the acquisition of % stake in Huawei Culture Co., Ltd. from Guo Xiangbin.
January 08, 2019
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Hangzhou Dinglong Enterprise Management Co., Ltd. signed an agreement to acquire 5% stake in Huawei Culture Co., Ltd. (SZSE:002502) from Guo Xiangbin for approximately CNY 220 million on January 2, 2019. Under the transaction, Hangzhou Dinglong Enterprise Management Co., Ltd. acquires 43 million shares at CNY 5.16 per share. Payment will be done within 5 days since signing of the agreement. Post transfer, Guo Xiangbin will hold 131.7 million shares representing 15.31% stake.
Hangzhou Dinglong Enterprise Management Co., Ltd. completed the acquisition of % stake in Huawei Culture Co., Ltd. (SZSE:002502) from Guo Xiangbin on January 9, 2019.
Dinglong Culture Co.,Ltd., formerly Huawei Culture Co., Ltd., is a China-based company, principally engaged in the manufacture of film and television plays, and the design, development, production and distribution of kinds of toys and game products. The Company provides smart toys, plastic toys, model toys, cartoon and other toys. The Company distributes its products in domestic market and to overseas markets.