Tuopai Xingfeng No. 7 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. completed the acquisition of 3.11% stake in Zhejiang Jinke Tom Culture Industry Co., LTD. from Jinke Holding Group Co., Ltd.
March 21, 2022
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Tuopai Xingfeng No. 7 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. entered into an agreement to acquire a 3.11% stake in Zhejiang Jinke Tom Culture Industry Co., LTD. from Jinke Holding Group Co., Ltd. for CNY 380 million on February 16, 2022. Tuopai Xingfeng will acquire 109,280,000 shares at CNY 3.50 per share.
Tuopai Xingfeng No. 7 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. completed the acquisition of 3.11% stake in Zhejiang Jinke Tom Culture Industry Co., LTD. from Jinke Holding Group Co., Ltd. on March 22, 2022.
Zhejiang Jinke Tom Culture Industry Co Ltd is a China-based company engaged in Intellectual Property (IP) ecological operation with Talking Tom Cat family IP as the core. The Company's online business mainly includes mobile Internet application distribution business and animation film and television business, which are based on the IP image and content of Talking Tom Cat family to create leisure mobile applications, animation, series of short films, mini-series and other animation and television works. The Company is also engaged in the advertising business through built-in advertising and in-app purchases of mobile application products. The Company's offline business is mainly IP series derivatives and licensing business, including shoes and clothing, daily necessities, aerobic care, intelligent toys and other IP series derivatives, as well as several Talking Tom Cat family IP parent-child theme park stores.
Tuopai Xingfeng No. 7 Private Securities Investment Fund, managed by Shanghai Tuopai Asset Management Co., Ltd. completed the acquisition of 3.11% stake in Zhejiang Jinke Tom Culture Industry Co., LTD. from Jinke Holding Group Co., Ltd.