Chuangyuan Co., Ltd.: Plans to acquire 90% equity of the target company under Cool Trendy Play

Mars Finance News, April 16 — Chuangyuan Co., Ltd. announced that the company plans to sign an “Investment Intent Agreement” with Ningbo Cool Le Trendy Play and its actual controller Wu Shengfeng, to acquire 90% of the equity of Zhejiang Chuangku Future Cultural and Creative Co., Ltd., which is newly established by the latter.
The target company will include operational assets and teams from more than 30 mature stores within the Cool Le Trendy Play system.
The transaction price will be based on eight times the projected audited consolidated net profit of the target company for 2025, and a commitment that the net profit for that year will not be less than 10 million yuan.
To demonstrate sincerity in cooperation, the company plans to pay an equity transfer earnest money of 30 million yuan.
Chuangku Future’s core business is offline retail operations of trendy toys and cultural and creative miscellaneous goods.
(Company Announcement)