Urban Tea Inc

NASDAQ:MYT   3:59:40 PM EDT
1.89
+0.02 (+1.07%)
Equity Investments, Mergers / Acquisitions, Equity Financing / Related

Urban Tea Announces Entering Into Letter Of Intent To Acquire 80% Equity Interests In Guokui Management Inc.

Published: 09/09/2020 13:31 GMT
Urban Tea Inc (MYT) - Urban Tea Announces Entering Into Letter of Intent to Acquire 80% Equity Interests in Guokui Management Inc.urban Tea Inc - Company Plans to Open Additional Joint Venture Stores With Shareholders of Guokui Management.
Urban Tea Inc - Shall Pay Guokui Management $400,000 in Cash in Consideration for 80% of Equity Interest in Guokui Management.
Urban Tea Inc - to Incentivize Current Shareholders of Guokui Management by Issuing a Certain Number of Company's Restricted Shares.