Shenzhen Tianhe Tongxin Investment Co., Ltd. cancelled the acquisition of 20% stake in Suzhou Yunzhi Interactive Technology Co Ltd from Shenzhen Rapoo Technology Co., Ltd..
April 25, 2019
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Shenzhen Tianhe Tongxin Investment Co., Ltd. agreed to acquire 20% stake in Suzhou Yunzhi Interactive Technology Co Ltd from Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) for CNY 15 million on April 26, 2018. CNY 12 million will be paid within 5 days since signing of the relevant agreement and another CNY 3 million will be paid within 5 days since completion of change of registry procedures. After the transactions, Shenzhen Rapoo Technology Co., Ltd will no longer hold any equity in Suzhou Yunzhi. In a related transaction, Shenzhen Tianhe Tongxin Investment Co., Ltd. agreed to acquire ZEROTECH (Beijing) Intelligence Technology Co., Ltd from Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) for CNY 50 million on April 26, 2018.
Suzhou Yunzhi reported total assets of CNY 8.15 million, net liabilities of CNY 8.02 million, operational income of CNY 3.33 million and net loss of CNY 4 million as of December 31, 2017. Deal was approved by the 11th meeting of the 3rd directorate of Shenzhen Rapoo Technology.
Shenzhen Tianhe Tongxin Investment Co., Ltd. cancelled the acquisition of 20% stake in Suzhou Yunzhi Interactive Technology Co Ltd from Shenzhen Rapoo Technology Co., Ltd. (SZSE:002577) on April 26, 2019.
Shenzhen Rapoo Technology Co Ltd is a China-based company mainly engaged in the research, development and production of consumer electronics products. The Company's products mainly include gaming series, wireless series and new women's Ralemo. The gaming series products cover multiple product categories such as gaming mice, gaming keyboards, gaming headsets, game controllers, and gaming microphones. The wireless series products include wireless chargers, TWS wireless audio and video, multi-function docking stations, power adapters, cameras and other products. The Ralemo creates personalized and themed products from a female perspective, including air cushion mice, mousse keyboards, and others.
Shenzhen Tianhe Tongxin Investment Co., Ltd. cancelled the acquisition of 20% stake in Suzhou Yunzhi Interactive Technology Co Ltd from Shenzhen Rapoo Technology Co., Ltd..