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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.