On June 6, Child King Children's Products Co., Ltd. issued an acquisition announcement. According to the announcement, Child Wang plans to acquire 65% of the equity of Jiangsu Xingsiyu held by the related party Wuxing Holdings, and at the same time jointly acquire the remaining equity of Jiangsu Xingsiyu held by Wuxing Holdings, with the equity transfer price of all 0 yuan. At the same time, Child King acquired 100% of Siyu Industrial's equity through Jiangsu Xingsiyu Cash, with a transaction price of RMB 1.65 billion.
After the acquisition is completed, Child King will hold 65% of the equity of Jiangsu Xingsiyu, making it a holding subsidiary of the company. At the same time, Siyu Industry will become a holding subsidiary of Child King, indirectly holding 65% of Siyu Industry's equity.
Data shows that Siyu Industry was established on July 1, 2014 with a registered capital of 2.3526 million yuan. It has long been focusing on the personal care industry. It has 2,503 stores, including 176 direct stores, 2,327 franchise stores, and the number of members exceeds 2 million.
The total equity value of Siyu Industrial shareholders was evaluated as 1.75 billion yuan, with a value-added rate of 583.35%, and the final transaction price was determined as 1.65 billion yuan, which was determined by negotiation between the parties to the transaction based on the evaluation report. The source of funds is the company's own or self-raised funds and part of the funds raised.
Source: Lianshang.com
