[ET Net News Agency, 24 July 2019] Birmingham Sports Holdings Limited (02309) said its
subsidiary Dooboo Tech Limited (the purchaser) has entered into a share acquisition
agreement with Hainan Waterstone Sports Culture Development Co., Ltd. (the vendor) and
Wangmei Online (Beijing) Information & Technology Co., Ltd. (the target company).
The purchaser agreed to purchase the entire issued share capital in the target company
at a total consideration of RMB20 million. The parties to the agreement further agreed
that the purchaser shall further inject approximately RMB6.3 million to the target company
as paid up capital after completion of the acquisition.
The target company is a limited company established in the PRC in 2008, which
principally engages in the provision of technology and operation service solutions and
terminal equipment for lottery systems in the PRC. (RC)