Elate Holdings (HKG:0076) said it will buy a 69% controlling stake in AOMI Corporation, a food delivery, ride-hailing, and quick commerce services provider in Macau and China, in a HK$754.1 million deal, according to a Thursday bourse filing.
The company said it would initially pay HK$534.1 million via gold bullion and cryptocurrency for the sake, and pay another HK$220 million in crypto if AOMI hits certain financial targets.
Shares were last up 34.5% in Friday afternoon trading.
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