BBMG Boosts Stake in Subsidiary with RMB979.9M Acquisition

BBMG (DE:9BM) has released an update.

BBMG Company has increased its equity interest in a subsidiary from 55% to 66.816% through an acquisition valued at RMB979.9 million after winning a public tender. The deal, involving the purchase of Target Equity from Tianjin Education Development Investment Co., Ltd., is classified as a discloseable and connected transaction, exempt from requiring shareholder approval due to board and independent director endorsements.

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