Aifu Inc. to Acquire Nova Lumina for Shares and $22 Million Cash
AIFU Inc. has entered into an agreement to acquire 100% of Nova Lumina Limited from its existing shareholders, YS Management Company Limited and Ethereal Group Ltd. The deal includes the issuance of 102,578,839 Class A ordinary shares of AIFU Inc. and a cash payment of US$22.0 million, with 96,526,648 shares going to YSM and 6,052,191 shares to Ethereal. Additionally, the consideration for Ethereal includes the cash payment. The shares issued to YSM will be subject to a five-year lock-up period. Following the completion of a separate issuance of Class B ordinary shares and the closing of the transaction, YSM is expected to hold about 78.2% of the total issued shares, while Ethereal will hold approximately 4.9%. Nova Lumina's primary assets include around 4,000 metric tons of tea, positioning AIFU Inc. within the health and wellness consumer sector. The transaction is expected to close in January 2026, pending customary closing conditions.
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