AR iCapital LLP Acquires AirNet Technology Inc.'s Subsidiaries in Strategic M&A Deal

Reuters

06-21

AR iCapital LLP Acquires AirNet Technology Inc.'s Subsidiaries in Strategic M&A Deal

AirNet Technology Inc., a Cayman Islands exempted company, has announced a significant transaction involving the sale of its interests in several subsidiaries. The Share Purchase Agreement, dated June 11, 2025, outlines the sale to AR iCapital LLP, a Singaporean company. The transaction includes Broad Cosmos Enterprises Ltd., Air Net International Limited, Air Net (China) Limited, Shenzhen Yuehang Information Technology Co., Ltd., Xian Shengshi Dinghong Information Technology Co., Ltd., and Yuehang Chuangyi Technology (Beijing) Co., Ltd. AirNet Technology Inc. will be releasing all intercompany balances with these subsidiaries as part of the agreement. This strategic move marks a pivotal shift in AirNet's business operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirNet Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-056208), on June 20, 2025, and is solely responsible for the information contained therein.

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The Share Purchase Agreement, dated June 11, 2025, outlines the sale to AR iCapital LLP, a Singaporean company. The transaction includes Broad Cosmos Enterprises Ltd., Air Net International Limited, Air Net (China) Limited, Shenzhen Yuehang Information Technology Co., Ltd., Xian Shengshi Dinghong Information Technology Co., Ltd., and Yuehang Chuangyi Technology (Beijing) Co., Ltd. AirNet Technology Inc. will be releasing all intercompany balances with these subsidiaries as part of the agreement. This strategic move marks a pivotal shift in AirNet's business operations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AirNet Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-056208), on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDL32FrJp:1","article_id":"2545117076","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545117076","pubTimestamp":1750450905,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"AirNet Technology Inc., a Cayman Islands exempted company, has announced a significant transaction involving the sale of its interests in several subsidiaries. The Share Purchase Agreement, dated June 11, 2025, outlines the sale to AR iCapital LLP, a Singaporean company. The transaction includes Broad Cosmos Enterprises Ltd., Air Net International Limited, Air Net  Limited, Shenzhen Yuehang Information Technology Co., Ltd., Xian Shengshi Dinghong Information Technology Co., Ltd., and Yuehang Chuangyi Technology  Co., Ltd. AirNet Technology Inc. will be releasing all intercompany balances with these subsidiaries as part of the agreement. This strategic move marks a pivotal shift in AirNet's business operations.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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