China Supply Chain Holdings Signs Framework Agreement to Acquire Stake in Huamao International Barter Exchange
China Supply Chain Holdings Limited has entered into an equity acquisition framework agreement with Beijing Duhuang Information Technology Research Institute regarding a potential purchase of shares in Huamao International Barter Exchange Co., Ltd. Under the agreement, Beijing Duhuang, which currently owns 56.7% of Huamao, will sell a portion of its stake to China Supply Chain Holdings Limited. The specific terms, including the acquisition ratio and price, will be determined following a legal, financial, and business due diligence process expected to last three months, with an exclusive negotiation period of twelve months granted to China Supply Chain Holdings Limited.
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