Brief: Td Holdings Inc Says Unit Entered Into Certain Share Purchase Agreements With Shenzhen Xinsuniao Technology And Shenzhen Qianhai Baiyu Supply Chain

BAIYU Holdings

29/10/2020 22:03

Oct 29 (Reuters) - TD Holdings Inc  GLG.O :
    * TD HOLDINGS INC - UNIT ENTERED INTO CERTAIN SHARE PURCHASE
AGREEMENTS WITH SHENZHEN XINSUNIAO TECHNOLOGY AND SHENZHEN
QIANHAI BAIYU SUPPLY CHAIN
    * TD HOLDINGS INC - PURSUANT TO AGREEMENT, UNIT AGREED TO
PAY TO
SHENZHEN XINSUNIAO AGGREGATE CASH CONSIDERATION OF RMB670
MILLION
    * TD HOLDINGS INC - 85% OF CASH CONSIDERATION WILL BE PAID
IN
INSTALLMENTS ON OR BEFORE DECEMBER 25, 2020
    * TD HOLDINGS INC - 15% OF CASH CONSIDERATION WILL BE PAID
IN
INSTALLMENTS ON OR BEFORE DECEMBER 25, 2021

Source text: [https://bit.ly/2G9rxy3]
Further company coverage:  GLG.O 

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