USIA, June 9 (Xinhua)-- Children's King announced that the company will transfer 65 percent of Leyou International's shares held by Leyou Hong Kong in cash at a transfer price of 1.04 billion yuan. Leyou International, headquartered in Beijing, is one of the large chain retail leading enterprises in China's maternal and child industry. After the completion of the transaction, the two sides will give full play to the synergy in the aspects of market layout, operation mode, supply chain resources, warehousing logistics and digital application integration, and further strengthen the scale advantage and market leading position of Kids King.