Group 1 - The company, Kid King, announced a plan to acquire a 65% stake in Jiangsu Xingsiyu Investment Management Co., Ltd. from its affiliate, Wuxing Holdings, for a total price of 1.65 billion yuan [2][5] - The acquisition aims to enhance synergy in member operations, market layout, channel sharing, industrial collaboration, and business expansion, thereby strengthening the company's leading position in local life and new family services [2][5][11] - After the transaction, Jiangsu Xingsiyu will become a subsidiary of Kid King, with the company indirectly holding a 65% stake in Zhuhai Siyu Industrial Development Co., Ltd. [5][11] Group 2 - Kid King primarily engages in retail and value-added services for maternal and child products, providing a one-stop shopping experience and comprehensive growth services for children aged 0-14 and pregnant women [7] - Zhuhai Siyu focuses on hair and scalp health care, offering a complete solution for hair health, including products for hair washing, scalp cleaning, and styling tools [8] - As of the end of 2024, Zhuhai Siyu had 2,503 stores and over 2 million members, with a revenue of 144 million yuan and a net profit of 26.61 million yuan in Q1 2025 [8][10]
官宣！孩子王，又有大动作