Maase (MAAS) said Friday it has agreed to buy 100% of the equity interests of Times Good, which controls core assets and operations of Huazhi, a Chinese provider of computing power and algorithm products.
The deal values Huazhi at about 1.1 billion yuan ($157.7 million), which will be paid via a mix of shares and cash, comprising roughly 87.4 million Class A shares of Maase and a $26 million cash payment, the company said.
The deal is expected to close by the end of February, Maase said.
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