NEWS HUB
Investors increase stake in Factor Bikes to 52.87%
NEWS from the Shanghai Stock Exchange points to a change in ownership stake at Factor Bikes, as Zhonglu Holdings “plans to acquire and increase its capital investment in Factor Bikes PTY Ltd.” Brought to the attention of BikeBiz by bikeAgent, a business which serves as a bridge connecting Western and Eastern cycling worlds, the announcement states: “The transaction will involve equity acquisition and capital increase, with various parties holding a total of 52.8% of Factor’s equity.” Zhonglu Holdings – through its wholly-owned subsidiary, Zhonglu Advantage Global Investment, which “plans to acquire 19.70% equity in Factor for $13.26 million and increase the capital of Factor by $2.00 million. Upon completion, Global Investment will hold 21.15% equity of Factor.”
Local Bike Shop Day 2025
The Association of Cycle Traders (ACT) has announced that this year’s Local Bike Shop Day will take place on Saturday, May 3, the weekend of the early May Bank Holiday. For cycling retailers, spring 2025 represents a critical point in the year. Come rain or shine, Local Bike Shop Day offers a focal point for businesses and customers alike, with targeted promotions focused on encouraging people to visit their local bike shop.
VSI – which “plans to acquire 29.55% equity in Factor for “19.89 million and increase the capital of Factor by $2.00 million, holding 31.72% equity of Factor after the transaction.”
Remco Tools Brings Electric
Repair Stand to UK Market REMCO Tools has recently made its electric repair stand, the ‘Bike Lift’ available to UK bike shops. Based in Belgium, Remco Tools says they’ve ensured the
Bike Lift is ready for the UK market, with full testing and certification. The stand is in stock and ships directly to UK workshops for £534 (excluding VAT), which includes shipping and import duties. The Remco Bike Lift is a motorised bicycle repair stand, compatible with a wide range of existing repair stands and clamps. Remco Tools will be exhibiting at Eurobike in Hall 11.1 to allow shop owners and distributors to see the Bike Lift in action. To book a demonstration or learn more, visit Remco Tools.
24 | April 2025
www.bikebiz.com
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