Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. China Senior Living Industry International Holding Corp (805729) 10-Q published on Nov 15, 2018 at 5:10 pm
On June 1, 2018, the Company acquired a total of 70% of Shaanxi Jinjiangshan Health Technology Development Co. Ltd (“Shaanxi Health Technology”)’s equity interest by entering into two share purchase agreements with two individual shareholders of Shaanxi Health Technology. In connection with the transaction, pursuant to a shareholders resolution passed unanimously on June 1, 2018, the Company committed a capital contribution to Shaanxi Health Technology, in the amount of 7,000,000RMB (approximately US$1,008,965), which will be paid in by November 13, 2037. As of September 30, 2018, the Company has contributed 145,500RMB (approximately US$20,972). In connection with the acquisition, the Company recognized a one-time bargain purchase gain of $26,747.
On December 31, 2015, Yifuge changed its name from Shaanxi Yifuge Investments and Assets Co., Ltd to Shaanxi Jinjiangshan Senior Living Management Co, Ltd.