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Kunlun Wanwei 2.275 billion acquisition of leisure mutual entertainment 35% equity, to achieve 100% holding

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Kunlun Wanwei 2.275 billion acquisition of leisure mutual entertainment 35% equity, to achieve 100% holding
On February 2, Kunlun Wanwei announced that its wholly-owned subsidiary, Tibet Kunuo, intends to purchase 35% of the equity held by Xinyu Canjin Investment Partnership. As of September 30, 2018, the total equity value of the shareholders is 6.536 billion yuan, and the transaction is worth 2.275 billion yuan. In December 2016, Kunlun Wanwei, with its wholly-owned subsidiary, Kunno Winning Exhibition in Tibet, and its venture capital partnership with Chenhaike Translator in Meishan Bonded Port Area, Ningbo, purchased the former shareholders Tan Xing, Tan Yan, Peng Xiao, Gao Dawei and Shi at a price of RMB 2 billion.
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