Brief: Pintec To Acquire Jishengtai In Expanding Fully Digitized Securities Brokerage And Wealth Management Platform

J and Friends Holdings

12/04/2021 11:05

April 12 (Reuters) - Pintec Technology Holdings Ltd  PT.O :
    * PINTEC TO ACQUIRE JISHENGTAI IN EXPANDING FULLY DIGITIZED
SECURITIES BROKERAGE AND WEALTH MANAGEMENT PLATFORM
    * PINTEC -  AGREED TO ISSUE CERTAIN NON-VOTING ORDINARY
SHARES TO
JST'S ORIGINAL SHAREHOLDERS AS CONSIDERATION FOR SALE OF JST'S
EQUITY INTEREST
    * PINTEC - CONSIDERATION SHARES WILL CONSIST OF A FIXED BASE
OF
38,098,200 SHARES AND AN ADDITIONAL MAXIMUM OF 45,098,200 SHARES
    * PINTEC - EXPECT ACQUISITION OF JST AND RB TO BE NEUTRAL TO
ACCRETIVE TO PINTEC'S NON-GAAP EARNINGS PER SHARE IN FIRST FULL
FISCAL YEAR

Source text for Eikon:  ID:nPn6DY2RXa 
Further company coverage:  PT.O 

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