Axing Xuanwu No. 1 Private Securities Investment Fund, managed by Shanghai Axing Investment Management Co., Ltd. completed the acquisition of 5.01% stake in Kidswant Children Products Co.,Ltd. from Coral Root Investment Ltd.
April 28, 2024
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Axing Xuanwu No. 1 Private Securities Investment Fund, managed by Shanghai Axing Investment Management Co., Ltd. signed an agreement to acquire a 5.01% stake in Kidswant Children Products Co.,Ltd. (SZSE:301078) from Coral Root Investment Ltd. for approximately CNY 330 million October 30, 2023. As of January 26, 2024, revised transfer price per share from CNY 6.76 per share to CNY 5.98 per share, revised payment terms.
Axing Xuanwu No. 1 Private Securities Investment Fund, managed by Shanghai Axing Investment Management Co., Ltd. completed the acquisition of 5.01% stake in Kidswant Children Products Co.,Ltd. (SZSE:301078) from Coral Root Investment Ltd. April 29, 2024.
Kidswant Children Products Co Ltd is a China-based company engaged in mother, baby and child commodity retail and value-added services. The Company is also engaged in childcare services and supplier services such as children's playgrounds. The Company's main products include food such as milk powder, snacks, supplementary food and nutritional health care, and clothing items such as underwear, home textiles and outerwear, children's shoes, and consumables such as diapers and toiletries, and durable goods such as toys, cultural and educational intelligence and lathe chairs, as well as many other categories. The Company's sales channels include offline outlets and online channels, such as online mobile application (APP), WeChat official account, small program, micro shopping mall, etc.