Jiangsu Lopal Tech Announces Major Equity Transaction

Jiangsu Lopal Tech Co. Ltd. Class H (HK:2465) has released an update.

Jiangsu Lopal Tech Co., Ltd. has announced a major transaction involving the conditional subscription of shares by investors INA and Aisis, resulting in a significant but not complete disposal of equity interest in a non wholly-owned subsidiary. The deal, valued at USD 200 million, allows investors liquidity options if a qualifying IPO is not achieved within six years. The transaction will see the company’s holding in the subsidiary reduced, while still maintaining overall control.

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