Guangdong Goldlok Education Technology Co., Ltd. announced that it expects to receive CNY 20 million in funding from Goldlok Toys Holdings Co., Ltd.
April 10, 2017
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Guangdong Goldlok Education Technology Co., Ltd. announced that it will receive CNY 20,000,000 in a round of equity funding from existing investor Goldlok Toys Holdings (Guangdong) Co., Ltd. (SZSE:002348) on April 11, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company and the registered capital of the company will increase from CNY 20,000,000 to CNY 40,000,000. The transaction has been approved at the 12th session of the 5th directorate of the investor and does not require the approval from its stockholders. The company reported total assets of CNY 21,733,730.27, total liabilities of CNY 3,148,037.74, net assets of CNY 18,585,692.53, revenue of CNY 15,695,413.67, and net profit of CNY 8,182,507.6 for the year ended December 31, 2016.
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.