GOLDLOK HOLDINGS(SZ:002348) Mei Ri Jing Ji Xin Wen·2025-12-02 08:37Core Viewpoint - The traditional toy company GaoLe Co., Ltd. has undergone a change in control, with Beijing LiMan YunTu Technology Co., Ltd. becoming the controlling shareholder and Wang Fan as the actual controller, effective from December 2, following a one-week suspension of trading [1][3]. Group 1: Control Change Details - GaoLe's stock was suspended after the announcement of a potential change in control due to the first major shareholder, Huatong Group, planning to transfer its shares [3]. - Huatong Group, a leading agricultural enterprise, became GaoLe's controlling shareholder in late 2022 through share transfer and voting rights delegation [3][6]. - LiMan YunTu signed a share transfer agreement with Huatong Group to acquire 94.72 million shares, representing 10% of the total share capital, and will hold approximately 206 million shares, or 21.74% of the total, post-transfer [3][4]. Group 2: Financial and Operational Aspects - GaoLe plans to issue A-shares to raise up to 491 million yuan (approximately 71 million USD) for working capital, with LiMan XingTu, an affiliate of LiMan YunTu, expected to hold about 132 million shares, or 12.28% of the total share capital [4]. - GaoLe has over 1,000 toy products, including collaborations with Disney and Hello Kitty, and is a leading exporter of electronic plastic toys in China [1]. Group 3: Historical Context - The Yang family, the original founders of GaoLe, controlled the company since its establishment in 1986 until the recent changes [6]. - The Yang family cashed out approximately 518 million yuan (around 75 million USD) during the control change in 2022, retaining 7.74% of the shares post-transaction [6].