B.Duck Semk Holdings Announces Acquisition of 27.74% Stake in Cayman Company and Convertible Loan Investment
B.Duck Semk Holdings International Limited has announced a new transaction involving a share acquisition and convertible loan investment. The company, along with its indirect wholly-owned subsidiary SEMK Licensing, entered into an agreement with Yincang Waou, Waou Cultural Media, San Kou Supply Chain, Mr. Huang, Haidengwu Culture, and the Haidengwu Partners. Under the agreement, B.Duck Semk Holdings will acquire approximately 27.74% of the total issued share capital of a Cayman-based company for RMB38.6 million, following the completion of a restructuring process. Additionally, the company has agreed to provide a convertible loan of RMB10,050,000 to the target group.
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