Rosen Takes The Equity Of Tianhong Weiwo Convenience Store With 310 Million Yuan

It was reported on December 31 that recently, Tianhong shukeke Commercial Co., Ltd. (hereinafter referred to as "Tianhong stock") announced the progress of listing and transferring the equity of Tianhong Weiwo convenience store (Shenzhen) Co., Ltd. (hereinafter referred to as "Tianhong Weiwo").

On November 24, the interim general meeting of shareholders of Tianhong shares passed a proposal to formally list the equity of Tianhong Weiwo, a wholly-owned subsidiary, in the equity exchange.

According to the confirmation letter of assignment qualification issued by Beijing Equity Exchange, Rosen (Guangdong) convenience Co., Ltd. is determined as the transferee of Tianhong Weiwo equity, and the transaction price is RMB 310 million. On December 29, 2021, Tianhong signed the property right transaction contract with Guangdong Rosen.

Previously, Tianhong shares had disclosed that this transfer will be conducive to optimizing the allocation of resources and focusing on the development of key strategies.

According to Tianyan survey, Tianhong Weiwo convenience store (Shenzhen) Co., Ltd. was established on July 14, 2003 with a registered capital of 55 million yuan. Its legal representative is Gao Shulin. Its business scope includes wholesale and retail of general merchandise, textiles, clothing and other related supporting services; Domestic service; Property leasing, etc. The equity penetration chart shows that it is held by Tianhong Digital Technology Co., Ltd.

As of September 30, 2021, Tianhong Weiwo has a total assets of 105 million yuan, a debt of 106 million yuan, and a net asset of - 1.5267 million yuan. From January to September 2021, Tianhong Weiwo has an operating income of 211 million yuan and a net profit of - 7.748 million yuan.

It is worth noting that as of December 31, 2020, Weiwo convenience store has 210 stores, which are mainly distributed in South China and Southeast China, according to the list of "China convenience stores ranking 100 in 2021".

According to the data, Rosen (Guangdong) convenience Co., Ltd. was established on October 19, 2021. Its business scope is to carry out convenience store business and other related subsidiary businesses, and is held by Rosen (China) Investment Co., Ltd.

It is worth mentioning that on December 1, this year, according to the official micro signal "Wowo Chengdu" released by Sichuan ooh Supermarket Chain Management Co., Ltd., Sichuan ooh Supermarket Chain Management Co., Ltd. changed its enterprise name to Chengdu Rosen convenience store management Co., Ltd. on November 19, 2021, Wowo stores in Chengdu have been changed to Rosen brand from December 1.