Brief: Glory Star To Acquire YMT

Cheer Holding

27/04/2021 13:28

April 27 (Reuters) - Glory Star New Media Group Holdings Ltd
 GSMG.O :
    * GLORY STAR TO ACQUIRE YMT, A LEADING CROSS-BORDER
E-COMMERCE
PLATFORM
    * GLORY STAR NEW MEDIA - INTENDS TO ISSUE RESTRICTED SHARES
TO
ACQUIRE 100% YMT'S EQUITY WHERE UPON YMT WILL BECOME WHOLLY
OWNED UNIT OF CO
    * GLORY STAR - YMT HAS RAISED OVER US$100 MILLION OF CAPITAL
FROM
INSTITUTIONS INCLUDING SINA, SAIF ASIA, SAILING CAPITAL & CHINA
MERCHANTS CAPITAL
    * GLORY STAR NEW MEDIA GROUP HOLDINGS LTD - PROPOSED
TRANSACTION
SHOULD BRING GREATER VALUE AND RETURNS TO SHAREHOLDERS OF BOTH
PARTIES

Source text for Eikon:  ID:nPn4s701ha 
Further company coverage:  GSMG.O 

 ((Reuters.Briefs@thomsonreuters.com;))