Hitek Announces Entry into Share Purchase Agreement to Acquire an Advertising and Digital Marketing Company
Hitek entered into a Share Purchase Agreement to acquire all outstanding shares of Ju Fu Limited, which operates the 'Beijing Fourth Coco' brand in advertising and digital marketing. The aggregate purchase price is $20 million, consisting of up to $14 million in cash and 4 million Class A ordinary shares, with $3 million of cash deferred subject to performance targets.
Key figures
- Deal Value Usd
- 20000000
- Shares Offered
- 4000000
- Upfront cash
- 11000000
- Deferred cash
- 3000000
- Cash consideration
- 14000000
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