Quhuo Ltd - ADR

NASDAQ:QH   3:59:40 PM EDT
6.87
-0.31 (-4.32%)
Equity Investments, Mergers / Acquisitions, Equity Financing / Related

Quhuo Announces Equity Investment In Lailai

Published: 10/13/2020 11:05 GMT
(QH) - Quhuo Announces Equity Investment in Lailai.
Quhuo Ltd - Entered Into a Definitive Investment Agreement to Acquire a 54.22% Equity Interest in Lailai Information Technology.
Quhuo Ltd - Parties Expect to Close Transaction in October 2020.
Quhuo Ltd - Investment for Total Consideration of About Rmb133.0 Million in Form of Cash and Co's Securities in Aggregate.
Quhuo Ltd - Company Agreed to Issue 1,357,759 Class A Ordinary Shares of Company to Selling Shareholders of Lailai Under a Private Placement.