Business Context and Reporting Period
This Form 6-K is filed by China Internet Nationwide Financial Services Inc. (the "Company"), a foreign private issuer, for the month of January 2018. The filing was signed on January 26, 2018, by Jianxin Lin, Chief Executive Officer. The document serves to update investors on the completion of a previously disclosed acquisition.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics for the reporting period. The document focuses exclusively on the finalization of a specific corporate transaction.
Material Changes
The primary material event reported is the successful closing of the acquisition of Beijing Anytrust Science & Technology Co., Ltd. ("Anytrust").
- Acquirer: Sheng Ying Xin (Beijing) Management Consulting Co., Ltd., a contractually controlled and managed company of the registrant.
- Target: Anytrust, previously owned by Beijing Tianhuang Tongda Technology Co., Ltd.
- Consideration: Total cash consideration of RMB 12,000,000 (approximately US$1,808,326).
- Closing Date: November 23, 2017.
- Outcome: Anytrust is now a wholly-owned subsidiary of Sheng Ying Xin.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for future guidance, management outlook, specific risk factors, or contingencies beyond the conditions precedent to the transaction (satisfactory due diligence and staggered deliverables), which were satisfied upon closing.
Investor Verification Checklist
- Verify the integration status of Anytrust into the Company's operations following the November 23, 2017 closing.
- Confirm the exact exchange rate used to convert RMB 12,000,000 to US$1,808,326 for financial statement accuracy.
- Review subsequent filings for any financial impact or goodwill recognition related to this acquisition.
- Validate the continued contractual control relationship between the Company and Sheng Ying Xin.