Brief: Auto Services Group Announces Merger Agreement With Goldenbridge Acquisition To Become Publicly Traded Company On Nasdaq

SunCar Technology

26/05/2022 14:34

May 26 (Reuters) - Auto Services Group Limited:
    * AUTO SERVICES GROUP LIMITED, A LEADING PROVIDER OF
DIGITALIZED
AUTO SERVICES AND AUTO INSURANCE IN CHINA, ANNOUNCES MERGER
AGREEMENT WITH GOLDENBRIDGE ACQUISITION LIMITED TO BECOME A
PUBLICLY TRADED COMPANY ON NASDAQ
    * GOLDENBRIDGE - PROPOSED TRANSACTIONS VALUE COMBINED
COMPANY AT
AN ESTIMATED ENTERPRISE VALUE ON A PRO-FORMA BASIS OF
APPROXIMATELY US$858 MILLION
    * GOLDENBRIDGE ACQUISITION LTD - UPON CLOSING OF
TRANSACTIONS,
COMBINED COMPANY IS EXPECTED TO BE NASDAQ-LISTED
    * GOLDENBRIDGE ACQUISITION LTD - GOLDENBRIDGE WILL
REINCORPORATE
TO CAYMAN ISLANDS BY MERGING WITH SUNCAR TECHNOLOGY GROUP INC
    * GOLDENBRIDGE ACQUISITION- UPON EFFECTIVENESS
OFTRANSACTIONS,
SUNCAR'S SHAREHOLDERS EXPECT TO RECEIVE 80 MILLION ORDINARY
SHARES OF SUNCAR TECHNOLOGY GROUP
    * GOLDENBRIDGE ACQUISITION LTD - CURRENT MANAGEMENT TEAM OF
SUNCAR
WILL CONTINUE TO RUN COMPANY AFTER TRANSACTION
    * GOLDENBRIDGE ACQUISITION - SUNCAR TECHNOLOGY GLOBAL INC TO
BE
MERGED WITH AND INTO SUNCAR, RESULTING IN SUNCAR BECOMING UNIT
OF SUNCAR TECHNOLOGY GROUP

Source text for Eikon:  ID:nGNXbRJD2L 
Further company coverage:  GBRG.O 

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