Yunnan 188bet best bookmaker’s acquisition of OCT Culture and 188bet best bookmaker Technology was approved by the State-owned Assets Supervision and Administration Commission

Great Scenic Area Author of this article: 188bet best bookmaker 2018-10-26
Yunnan 188bet best bookmaker Announcement,The company’s plan to purchase 100% equity of Shenzhen OCT Cultural 188bet best bookmaker Technology Co., Ltd. by issuing shares and paying cash was approved by the State-owned Assets Supervision and Administration Commission of the State Council。

October 25,Yunnan 188bet best bookmaker Announcement,The company’s plan to purchase 100% equity of Shenzhen OCT Cultural 188bet best bookmaker Technology Co., Ltd. (“the asset reorganization”) by issuing shares and paying cash was approved by the State-owned Assets Supervision and Administration Commission of the State Council。

Announcement display,Yunnan 188bet best bookmaker recently received the "Reply on Issues Related to the Asset Reorganization of Yunnan 188bet best bookmaker Co., Ltd." issued by the State-owned Assets Supervision and Administration Commission of the State Council (State Assets Quan [2018] No. 780),The State-owned Assets Supervision and Administration Commission of the State Council agrees in principle with the company’s asset restructuring plan,After the completion of this asset reorganization,The company’s total share capital does not exceed 100,989.36.8 million shares。

As of now,This transaction still needs to be reviewed and approved by the company's shareholders' meeting and OCT Group is exempted from issuing a tender offer exemption application by the company's shareholders' meeting.;This transaction still needs to be approved by the China Securities Regulatory Commission。

As understood,September 20,Yunnan 188bet best bookmaker Announcement,The company’s board of directors reviewed and approved the company’s proposed price 20.Proposal to purchase 100% equity of Cultural 188bet best bookmaker Technology for 1.7 billion yuan,After the transaction is completed,Culture Technology will become a wholly-owned subsidiary of the company。

October 23,Yunnan 188bet best bookmaker Announcement Discloses the Revised Transaction Plan for the Acquisition of 100% Equity in Cultural 188bet best bookmaker Technology,Revisions include lock-in period arrangements、Competition in the same industry, etc.。

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