Jinyan Songyun Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 5.01% stake in Songcheng Performance Development Co.,Ltd from Hangzhou Songcheng Group Holding Co., Ltd., Huang Qiaoling and Liu Ping.
December 18, 2022
Share
Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) signed the share transfer agreement to acquire 5.01% stake in Songcheng Performance Development Co.,Ltd (SZSE:300144) from Hangzhou Songcheng Group Holding Co., Ltd., Huang Qiaoling and Liu Ping for CNY 1.7 billion on December 5, 2022. As per the transaction, Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) will acquire 46,000,000 shares from Hangzhou Songcheng Group Holding Co., Ltd., 77,000,000 shares from Huang Qiaoling and 8,000,000 shares from Liu Ping.
Jinyan Songyun Enterprise Management (Hangzhou) Partnership Enterprise (Limited Partnership) completed the acquisition of 5.01% stake in Songcheng Performance Development Co.,Ltd (SZSE:300144) from Hangzhou Songcheng Group Holding Co., Ltd., Huang Qiaoling and Liu Ping on December 19, 2022. Post completion, Hangzhou Songcheng Group Holding Co., Ltd. holds 27.72%, Huang Qiaoling holds 8.88% and Liu Ping holds 1.07% stake in Songcheng Performance Development, respectively.
Songcheng Performance Development Co., Ltd is a China-based company principally engaged in the cultural entertainment and pan entertainment business. The Companyâs main businesses include live entertainment, Internet entertainment and tourism. The Company is also involved in the provision of cultural shows, ancient workshop shows, folk performances, ancient recreation reactive and cultural theme activities, among others. The Company operates its business mainly in Hangzhou, Zhejiang Province, Sanya, Hainan Province, Lijiang, Yunnan Province and Beijing, China.
Jinyan Songyun Enterprise Management Partnership Enterprise (Limited Partnership) completed the acquisition of 5.01% stake in Songcheng Performance Development Co.,Ltd from Hangzhou Songcheng Group Holding Co., Ltd., Huang Qiaoling and Liu Ping.