Shenzhen Xinghe Data Technology Co., Ltd., Chengdu Digital Galaxy Technology Co., Ltd. and Beijing Jiulianhuan Data Service Center (Limited Partnership) completed the acquisition of 20% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. from Guangdong Qunxing Investment Co., Ltd.
January 24, 2019
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Shenzhen Xinghe Data Technology Co., Ltd., Chengdu Digital Galaxy Technology Co., Ltd. and Beijing Jiulianhuan Data Service Center (Limited Partnership) signed an equity transfer agreement to acquire 20% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd. for approximately CNY 700 million on November 2, 2018. The offer per share is CNY 5.95. Respectively, Shenzhen Xinghe Data Technology Co., Ltd. will pay CNY 300 million and Chengdu Xinghe Technology Co., Ltd. and Beijing Jiulianhuan Data Service Center (Limited Partnership) will pay CNY 200 million each. 50.5 million shares of Guangdong Qunxing Toys Joint-Stock Co., Ltd. will be transferred to Shenzhen Xinghe Data Technology Co., Ltd., 33.6 million shares of Guangdong Qunxing Toys Joint-Stock Co., Ltd. will be transferred to Chengdu Xinghe Technology Co., Ltd. and another 33.6 million shares of Guangdong Qunxing Toys Joint-Stock Co., Ltd. will be transferred to Beijing Jiulianhuan Data Service Center (Limited Partnership). At the same time, Guangdong Qunxing Investment Co., Ltd. will sign a voting rights entrustment agreement with Chengdu Xinghe Technology Co., Ltd. via which the voting rights for 58 million shares in Guangdong Qunxing Toys Joint-Stock Co., Ltd. will be entrusted for free to Chengdu Xinghe River Technology Co., Ltd.
As on November 22, 2018, the transaction has been approved by the shareholders of Chengdu Xinghe Technology Co., Ltd. and Shenzhen Xinghe Data Technology Co., Ltd.; and by the partners of Beijing Jiulianhuan Data Service Center (Limited Partnership). Shenzhen Xinghe Data Technology Co., Ltd and Chengdu Xinghe Technology Co., Ltd completed the acquisition of 8.6% and 5.7% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd on November 28, 2018.
Shenzhen Xinghe Data Technology Co., Ltd., Chengdu Digital Galaxy Technology Co., Ltd. and Beijing Jiulianhuan Data Service Center (Limited Partnership) completed the acquisition of 20% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. (SZSE:002575) from Guangdong Qunxing Investment Co., Ltd. on January 25, 2019. Beijing Jiulianhuan Data Service Center acquired 5.714% stake on January 25, 2019.
Guangdong Qunxing Toys Joint Stock Co Ltd is a China-based company mainly engaged in the business of property leasing, operation and management. The Company's main businesses include alcohol sales, property leasing and industrial park operation, and property management services. The alcohol sales business mainly provides mid-to-high-end alcohol products. The property leasing and industrial park operation, and property management services include property leasing and operation in the industrial park, as well as commercial property management. The Company is also engaged in property disposition and other businesses. The Company mainly conducts businesses within the domestic market.
Shenzhen Xinghe Data Technology Co., Ltd., Chengdu Digital Galaxy Technology Co., Ltd. and Beijing Jiulianhuan Data Service Center (Limited Partnership) completed the acquisition of 20% stake in Guangdong Qunxing Toys Joint-Stock Co., Ltd. from Guangdong Qunxing Investment Co., Ltd.
GUANG DONG QUN XING TOYS JOINT-STOCKCO.,LTD. 
