Brief: East Stone Acquisition Corporation Announces Business Combination With Jhd Holdings (Cayman) Limited, An Innovative Merchant Enablement Platform In Lower-Tier Cities In China

Robo.ai

18/02/2021 14:38

Feb 18 (Reuters) - East Stone Acquisition Corp  ESSC.O :
    * EAST STONE ACQUISITION CORPORATION ANNOUNCES BUSINESS
COMBINATION WITH JHD HOLDINGS (CAYMAN) LIMITED, AN INNOVATIVE
MERCHANT ENABLEMENT PLATFORM IN LOWER-TIER CITIES IN CHINA
    * EAST STONE ACQUISITION CORP - AT CLOSING PUBLIC CO
RESULTING
FROM DEAL WILL ISSUE SHARES TO SELLING PARTIES WITH AGGREGATE
VALUE EQUAL TO $1 BILLION
    * EAST STONE ACQUISITION CORP - JHD'S FOUNDER AND CHAIRMAN
OF
BOARD, CLINGMAN WILL CONTINUE LEADING COMPANY
    * EAST STONE ACQUISITION CORP - TERMINATING ITS PREVIOUSLY
ANNOUNCED BUSINESS COMBINATION AGREEMENT WITH UFIN HOLDINGS
LIMITED
    * EAST STONE ACQUISITION CORP - COMBINED COMPANY WILL BE
NAMED JHD
TECHNOLOGIES LIMITED, AND SEEKS TO BE LISTED ON NASDAQ STOCK
MARKET
    * EAST STONE ACQUISITION CORP - XIAOMA "SHERMAN" LU, EAST
STONE'S
CHIEF EXECUTIVE OFFICER WILL JOIN COMBINED COMPANY AS
VICE-CHAIRMAN AND PRESIDENT

Source text for Eikon:  ID:nGNX9RSk2x 
Further company coverage:  ESSC.O 

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