Brief: Airnet Updates On The Sale Of 20.32% Of Its Advertising Business

Yueda Digital Holding

08/11/2019 11:37

Nov 8 (Reuters) - Airnet Technology Inc  ANTE.O :
    * AIRNET UPDATES ON THE SALE OF 20.32% OF ITS ADVERTISING
BUSINESS
    * AIRNET - BEIJING LINGHANG SHENGSHI ADVERTISING CO LTD,
HERMAN
GUO, QING XU HAVE RECENTLY ENTERED INTO SUPPLEMENTARY AGREEMENT
    * AIRNET - SUPPLEMENTARY AGREEMENT TO EQUITY TRANSFER
AGREEMENT ON
SALE OF 20.32% EQUITY INTEREST OF AIRMEDIA GROUP CO., LTD
    * AIRNET - UNDER SUPPLEMENTARY AGREEMENT JIANGSU HONGZHOU
INVESTMENT CO SHALL CAUSE RMB60 MILLION OUT OF TOTAL OUTSTANDING
AMOUNT OF RMB380 MILLION TO BE PAID
    * AIRNET - UNDER AGREEMENT, REMAINING CONSIDERATION OF
RMB320
MILLION SHALL BE PAID IN A LUMP SUM WITHIN 90 BUSINESS DAYS
AFTER LOCK-UP ON EQUITY IS LIFTED

Source text for Eikon:  ID:nPn8DwT4Ra 
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