공지 • Jun 18
A group of buyers agreed to acquire a stake in Zhuhai Kingsware Information Technology Co., Ltd from Shenzhen Kingdom Sci-Tech Co., Ltd (SHSE:600446), Zhuhai Jinshi Huizhi Investment Enterprise (Limited Partnership) and Shenzhen Jinshi Zhongcheng Investment Enterprise (Limited Partnership) for CNY 30.1 million.
Suzhou Industrial Park Qiming Rongke Equity Investment Partnership Enterprise (L.P.), managed by Suzhou Qiyuan Equity Investment Management Partnership Enterprise (Limited Partnership), Suzhou Qiming Rongying Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Junsheng Xiangshi Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Junsheng Dingshi Venture Capital Enterprise (Limited Partnership) managed by Junsan Capital, Zhuhai Technology Chuangye Angel Venture Capital Fund Partnership Enterprise (Limited Partnership), Zhuhai Xiangzhou Huajin Emerging Industry Venture Capital Fund (Limited Partnership), Zhuhai Talent Innovation Venture Capital Fund Partnership Enterprise (Limited Partnership) managed by Zhuhai Kechuang Haisheng Fund Management Co., Ltd. and Shenzhen Qianhai Taiya Dingfu Equity Investment Partnership Enterprise (Limited Partnership) managed by Xiamen Taiya Dingfu Investment Management Co., Ltd. agreed to acquire a stake in Zhuhai Kingsware Information Technology Co., Ltd from Shenzhen Kingdom Sci-Tech Co., Ltd (SHSE:600446), Zhuhai Jinshi Huizhi Investment Enterprise (Limited Partnership) and Shenzhen Jinshi Zhongcheng Investment Enterprise (Limited Partnership) for CNY 30.1 million on May 29, 2020.
In a related transaction, Suzhou Industrial Park Qiming Rongke Equity Investment Partnership Enterprise (L.P.), managed by Suzhou Qiyuan Equity Investment Management Partnership Enterprise (Limited Partnership), Suzhou Qiming Rongying Venture Capital Partnership Enterprise (Limited Partnership), Shenzhen Junsheng Xiangshi Equity Investment Fund Partnership Enterprise (Limited Partnership), Shenzhen Junsheng Dingshi Venture Capital Enterprise (Limited Partnership), Zhuhai Technology Chuangye Angel Venture Capital Fund Partnership Enterprise (Limited Partnership), Zhuhai Xiangzhou Huajin Emerging Industry Venture Capital Fund (Limited Partnership), Zhuhai Talent Innovation Venture Capital Fund Partnership Enterprise (Limited Partnership) and Shenzhen Qianhai Taiya Dingfu Equity Investment Partnership Enterprise (Limited Partnership), managed by Xiamen Taiya Dingfu Investment Management Co., Ltd. will invest CNY 75 million to subscribe shares in Zhuhai Kingsware.
Following the transactions, Suzhou Qiyuan Equity Investment Management will own 7.2% stake, Suzhou Qiming Rongying Venture Capital will own 8.8% stake, Shenzhen Junsheng Xiangshi Equity Investment Fund will own 1.3% stake, Shenzhen Junsheng Dingshi Venture Capital Enterprise will own 0.3% stake, Zhuhai Technology Chuangye Angel Venture Capital Fund will own 0.8% stake, Zhuhai Xiangzhou Huajin Emerging Industry Venture Capital Fund will own 0.8% stake, Zhuhai Talent Innovation Venture Capital Fund will own 0.4% stake, Shenzhen Qianhai Taiya Dingfu Equity Investment Partnership Enterprise will own 0.28% stake, Xiamen Taiya Dingfu Investment Management will own 1.13% stake in Zhuhai Kingsware.
Post the acquisition, Shenzhen Kingdom Sci-Tech Co., Ltd, Zhuhai Jinshi Huizhi Investment Enterprise and Shenzhen Jinshi Zhongcheng Investment Enterprise will hold 33%, 8.5% and 37.5% stakes respectively in Zhuhai Kingsware Information Technology. The transaction was financed by raising capital. Post the transaction, Kingsware’s directorate will be reorganized and will be composed of five directors. Shenzhen Kingdom Sci-Tech Co., Ltd has the right to nominate two.
As of December 31, 2019, Kingsware has a total assets of CNY 29.24 million, net assets of CNY 18.84 million, revenue of CNY 48.7 million and net profit of CNY 2.4 million. As of May 29, 2020, the transaction was approved by the 5th session of Shenzhen Kingdom Sci-Tech’s 6th directorate for 2020 and still needs to be approved by Shenzhen Kingdom Sci-Tech’s shareholders’ meeting. As of June 16, 2020, the transaction is approved by the shareholders of Shenzhen Kingdom Sci-Tech Co., Ltd.