AcquisitionsJun 12, 2026, 09:01 AM
Maase Inc. Acquires Times Good Limited for RMB1.1 Billion
AI Summary
Maase Inc. has completed the acquisition of Times Good Limited for approximately RMB1.1 billion, consisting of shares and a cash payment. The acquisition, finalized on March 30, 2026, integrates Times Good, which operates through a variable interest entity (VIE) structure in China, into Maase Inc.'s operations. The filing includes the audited combined financial statements for Times Good Limited for the year ended June 30, 2025, which reported a net loss and a significant working capital deficit, raising going concern uncertainties that management plans to address through debt offsetting, divestment, and anticipated financial support from Maase Inc.
Key Highlights
- Maase Inc. acquired 100% of Times Good Limited for approximately RMB1.1 billion, comprising shares and cash.
- The acquisition was completed on March 30, 2026.
- Times Good Limited's primary asset is its holding of Shenzhen Huazhixing Management Consulting Co., Ltd., which operates through a VIE structure.
- The combined financial statements for Times Good Limited as of June 30, 2025, show a net loss of RMB67,096 thousand and a working capital deficit of RMB121,596 thousand.
- Enrome LLP audited the combined financial statements of Times Good Limited for the year ended June 30, 2025.
Price Impact
More from MAAS