Glory Star New Media Group Holdings Limited

NASDAQ:GSMG   3:59:41 PM EDT
3.70
+0.18 (+5.11%)
Mergers / Acquisitions

Glory Star To Acquire YMT

Published: 04/27/2021 12:35 GMT
Glory Star New Media Group Holdings Limited (GSMG) - Glory Star to Acquire Ymt, a Leading Cross-border E-commerce Platform.
Glory Star New Media - Intends to Issue Restricted Shares to Acquire 100% Ymt's Equity Where Upon Ymt Will Become Wholly Owned Unit of Co.
Glory Star - Ymt Has Raised Over Us$100 Million of Capital From Institutions Including Sina, Saif Asia, Sailing Capital & China Merchants Capital.
Glory Star New Media Group Holdings Ltd - Proposed Transaction Should Bring Greater Value and Returns to Shareholders of Both Parties.