Talkweb Information System Co.,Ltd. acquired an additional 35% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. from Hunan Fullriver High Technology Co., Ltd. and Hunan Xinhang Tianlu Technology Co., Ltd. for CNY 30 million.
April 07, 2021
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Talkweb Information System Co.,Ltd. (SZSE:002261) signed a share transfer agreement to acquire an additional 35% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. from Hunan Fullriver High Technology Co., Ltd. and Hunan Xinhang Tianlu Technology Co., Ltd. for CNY 30 million on March 28, 2021. Talkweb Information System Co.,Ltd. will acquire 20% stake in Hunan Fullriver High Technology Co., Ltd. for CNY 0 and 15% stake from Hunan Xinhang Tianlu Technology Co., Ltd. for CNY 30 million. Upon completion, Talkweb Information System Co.,Ltd. will own 70% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. and Hunan Fullriver High Technology Co., Ltd. will own 5% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. For the year ended December 31, 2020, Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. reported total assets of CNY 411.9 million, total common equity of CNY 140 million, total revenue of CNY 240.6 million, negative operating profit of 20 million and negative net income of CNY 20 million. The transaction has been approved in the 10th Meeting of the Company’s 7th Directorate held on April 2, 2021, and does not need the Shareholders’ Approval.
Talkweb Information System Co.,Ltd. (SZSE:002261) completed the acquisition of an additional 35% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. from Hunan Fullriver High Technology Co., Ltd. and Hunan Xinhang Tianlu Technology Co., Ltd. on April 6, 2021.
TALKWEB INFORMATION SYSTEM CO., LTD. is a China-based company principally engaged in the provision of information technology services and software products. The Company operates its businesses through two segments, including the Education Services and Mobile Games. Its Education Services segment mainly provides education information, K12 smart education and online education services. Through its subsidiaries, the Company is also engaged in the provision of value-added telecommunication information services and investment management consulting services, among others. The Company operates its businesses within domestic and overseas markets.
Talkweb Information System Co.,Ltd. acquired an additional 35% stake in Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. from Hunan Fullriver High Technology Co., Ltd. and Hunan Xinhang Tianlu Technology Co., Ltd. for CNY 30 million.
TALKWEB INFORMATION SYSTEM CO.,LTD. 
