Hainan Feichi Qianli Technology Partnership Enterprise (Limited Partnership) and Creaction Network Limited completed the acquisition of 93.5% Beijing Huanxiang Yueyou Netowrk Technology Co., Ltd. from Dalian Zeus Entertainment Co., Ltd..
December 21, 2021
Share
Hainan Feichi Qianli Technology Partnership Enterprise (Limited Partnership) and Creaction Network Limited agreed to acquire 93.5% Beijing Huanxiang Yueyou Netowrk Technology Co., Ltd. from Dalian Zeus Entertainment Co., Ltd. (SZSE:002354) for approximately CNY 900 million on June 11, 2021. In the acquisition, Hainan Feichi Qianli Technology Partnership Enterprise (Limited Partnership) will acquire 83.2% stake and Creaction Network Limited will acquire 10.4% stake from Dalian Zeus Entertainment Co., Ltd. (SZSE:002354). As of March 31, 2021, Beijing Huanxiang Yueyou Netowrk Technology Co., Ltd. recorded total assets of CNY 919.7 million and net assets of CNY 825.6 million. The transaction has been approved by Board of Directors of Dalian Zeus Entertainment Co., Ltd. (SZSE:002354) and subjected to approval from shareholders of Dalian Zeus Entertainment Co., Ltd. (SZSE:002354).
Hainan Feichi Qianli Technology Partnership Enterprise (Limited Partnership) and Creaction Network Limited completed the acquisition of 93.5% Beijing Huanxiang Yueyou Netowrk Technology Co., Ltd. from Dalian Zeus Entertainment Co., Ltd. (SZSE:002354) on December 22, 2021. The transaction has been approved by shareholders of Dalian Zeus Entertainment Co., Ltd.
Tianyu Digital Technology Dalian Group Co Ltd, formerly Dalian Zeus Entertainment Co Ltd, is a China-based online game company. The Company operates in four segments. E-sports Game segment is mainly engaged in the research, development and distribution of casual chess and card games. Digital Effect Flow segment is mainly engaged in the delivery, promotion and marketing of third-party platforms. Brand Content Flow segment is mainly engaged in the licensing, brokerage and network marketing related to film and television content. Others segment is principally engaged in other businesses.
Hainan Feichi Qianli Technology Partnership Enterprise (Limited Partnership) and Creaction Network Limited completed the acquisition of 93.5% Beijing Huanxiang Yueyou Netowrk Technology Co., Ltd. from Dalian Zeus Entertainment Co., Ltd..
TIANYU DIGITAL TECHNOLOGY (DALIAN) GROUP CO., LTD. 
