Clorox Shares Change Ownership of Huatong Group for 290 Million; Walt Disney Company Changes Hands; 2022 Beijing International Art & Design Toy Fair to Be Postponed

Gaolak shares change ownership of Huatong Group for 290 million

In the evening of Nov. 21, Gaole (002348.SZ) announced that Huatong Group will become the controlling shareholder of the listed company by transferring the shares and voting rights, and the brothers Zhu Jianyong and Zhu Jianjun, the actual controllers of Huatong Group, will also become the actual controllers of the listed company.

Among them, Huatong Group transferred 14% shares of Gaole for a transfer price of 290 million yuan. Meanwhile, Gaole announced that the company intends to issue 284 million shares to Huatong Group at an issue price of 1.88 yuan/share, totaling about 534 million yuan. Together with the transfer to Chen Zhu and Wang Xiangyu, the Yang family, the actual controller of Gaolak shares, cashed in 518 million yuan.

In recent years, the performance of Gaole shares has been unsatisfactory. 2022, the performance of Gaole shares continued to decline, the company's operating income in the first three quarters reached 257 million yuan, down 24.39% year-on-year; net profit loss of 56,263,200 yuan, down 41.05% year-on-year.

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2022 Beijing International Art & Design Toy Fair will be postponed

On Nov. 25, the announcement on the postponement of the exhibition released by Capital Convention & Exhibition Group's WeChat public number showed that the 2022 Beijing International Art & Design Toy Fair, originally scheduled to be held at Beijing National Convention Center in the near future, was postponed due to the epidemic, and that the "2022 Beijing International Art & Design Toy Fair", originally scheduled to be held at Beijing National Convention Center from Dec. 31, 2022 to Jan. 2, 2023, would be postponed. 2022 Beijing International Art & Design Toy Show (CTS×ADTS)" postponed to June 30 to July 2, 2023, with the same venue.

The Walt Disney Company changes hands

The Walt Disney Company's Board of Directors announced that Robert A. Iger will return to Disney as CEO, replacing Bob Chapek, who has stepped down. Iger has worked at Disney for more than 40 years, including 15 years as CEO, and he will serve as Disney's CEO for two years. Upon taking office, Iger will set a new strategic direction for the company's operations and work closely with the board to find a successor. (TOYBOOK)

L.O.L. Surprise! and FIFA team up to launch Qatar World Cup toys

MGA Entertainment USA's L.O.L. Surprise! line has partnered with FIFA to launch Qatar World Cup toys to celebrate the 2022 World Cup in Qatar. The limited edition series, which debuted online on November 23, includes 10 country-themed dolls playing in Qatar, as well as a FIFA fan and a referee. Each doll will also come with a limited edition L.O.L. Surprise! collector's card. (PRNewswire)

Tigress Financial Lowers Disney Price Target to $177

Tigress Financial analyst Ivan Feinseth maintained a Buy rating on (DIS.US), but lowered his price target for the company to $177 from $229, mainly due to a revaluation of the streaming business due to pressure on the market. Still, the analyst believes that the return of former CEO Bob Eagles will drive Disney's return to the market. Eagle's return will drive Disney's return to creative dominance, and the continued release of heavy content will continue to drive Disney's earnings growth.

The analyst emphasized that Disney's strong balance sheet, cash flow and prudent capital allocation mix allow it to continue to invest in content development, new Disney theme parks and new growth initiatives. Disney remains on his research focus list and portfolio for now.

Lego plans to open 80 new stores by 2023

LEGO accelerated its offline expansion. on July 16, the first LEGO authorized store in Tibet was officially opened in Lhasa, which is also the highest elevation LEGO brand retail store in the world; on July 30, Haikou, which is rich in seaside natural charming scenery, became the 100th city of LEGO Group in mainland China. In Huang Guoqiang's view, opening one more store in Shanghai, which already has more than 30 stores, is certainly "icing on the cake", but opening stores in second- and third-tier cities and below can be called "sending charcoal in snow". According to Huang Guoqiang, the LEGO Group's branded retail stores in China have grown from 60 in 2018 to 390 by the end of 2022, covering more than 100 cities from 18, and plans to open 80 new stores in 2023.

Sparks thinking limited release of the first self-developed IP building block toys

Recently, spark thinking launched the first self-developed cube monkey block toy, according to the official introduction, the cube monkey is one of its original three small IP, this time will be disguised as a mechanical form, in the form of interactive assembled block toy limited sale of 1000, has been in Jingdong, Tmall spark thinking flagship store, spark thinking micro store and other platforms online simultaneously.

It is understood that this is the first attempt by the spark thinking design team to design assembled blocks class toys, designed to expand the child's thinking while exercising hands-on skills. This set of square monkey blocks toy consists of about 1000 pieces of assembled blocks, suitable for children over 6 years old. Prior to this, the brand has launched many derivative products including stationery, toys, travel goods, etc. The selection of these derivatives is based on the needs of children, which are safe, practical and beautiful.

China's game market sales revenue in October exceeded 19.7 billion yuan, the first positive growth in six months ringgit

On November 23, Gamma Data released the "October 2022 Game Industry Report". The data showed that in October 2022, the actual sales revenue of China's game market was 19.768 billion yuan, the first positive growth in the last 6 months in the ring, and a decline of 18.10% year-on-year. Among them, the actual sales revenue of mobile game market was 13.555 billion yuan, which turned from negative to positive in the ring. The length of paid time became longer this month, and the 7-day National Day holiday drove users to increase their active time; the flow of mobile game products was generally higher than last month, and the head mobile product "Naruto" and "Rate of Land" brought more increment. (Securities Times)