Brief: Fuwei Films (Holdings) Co., Ltd. Enters Into An Agreement And Plan Of Merger With Baijiayun Limited
18/07/2022 14:47
July 18 (Reuters) - Fuwei Films (Holdings) Co Ltd FFHL.O :
* FUWEI FILMS (HOLDINGS) CO., LTD. ENTERS INTO AN AGREEMENT
AND
PLAN OF MERGER WITH BAIJIAYUN LIMITED, A VIDEO SAAS/PAAS, VIDEO
CLOUD AND SOFTWARE, VIDEO AI AND SYSTEM SOLUTION PROVIDER
* FUWEI FILMS (HOLDINGS) CO LTD - UPON CONSUMMATION OF
TRANSACTION, BAIJIAYUN WILL BECOME A WHOLLY-OWNED SUBSIDIARY OF
COMPANY
* FUWEI FILMS (HOLDINGS) CO LTD - BAIJIAYUN SHAREHOLDERS,
CO
SHAREHOLDERS WILL OWN ABOUT 96.79% AND 3.21%, RESPECTIVELY, OF
SHARES OF COMBINED COMPANY
Source text for Eikon: ID:nPnbYCxHga
Further company coverage: FFHL.O
((Reuters.Briefs@thomsonreuters.com;))
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