Shanghai Aiyingshi Co.,Ltd completed the acquisition of from Infore Consumer Industry Holdings Co., Ltd. and Wu Xuegang.
October 27, 2021
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Shanghai Aiyingshi Co.,Ltd (SHSE:603214) entered into Equity Purchase Agreement from Infore Consumer Industry Holdings Co., Ltd. and Wu Xuegang for CNY 200 million on August 9, 2021. The consideration is to be paid in three installments on the premise that the payment preconditions are met or Party A is waived in writing. The first period is a deposit, 10% of the total purchase consideration is paid which is CNY 20 million, the nature of the first payment is a deposit, the second period is 80% of the total purchase consideration will be paid, that is, CNY 160 million, and the third period is 10% of the total purchase consideration will be paid, which is 20 million yuan. For the year ended on March 31, 2021, Babybear Mother & Baby Chain Business reported total assets of CNY 340 million and Net assets of CNY -170 million. The transaction still needs to be approved by the anti-monopoly (concentration of undertakings) declaration before it can take effect. The transaction has been approved by board of Shanghai Aiyingshi Co.,Ltd.
Shanghai Aiyingshi Co.,Ltd (SHSE:603214) completed the acquisition of from Infore Consumer Industry Holdings Co., Ltd. and Wu Xuegang on October 28, 2021.
Shanghai Aiyingshi Co., Ltd is a China-based company principally engaged in the sales of maternal and baby products and the provision of related services. The Company is a chain retailer which provides maternal and baby supplies, as well as prenatal and baby health services for pre-pregnancy to 6-year-old infant families. The Companyâs products mainly include infant milk powder, nutritional products, diapers, feeding supplies, toys, baby clothing, toiletries, maternity products, cotton textiles, strollers and others. The Company mainly distributes its products through direct sale stores and e-commerce channels.