[ET Net News Agency, 30 May 2019] Regent Pacific Group Limited (00575) said the company
entered into a non-legally binding, indicative offer with Yooya in respect of the possible
acquisition of Yooya by the company for approximately US$15 million (or approximately
HK$117 million), to be satisfied by way of the issuance of new shares.
On the basis of the indicative offer, the possible acquisition would therefore require
the issuance of 468 million consideration shares, representing 20.3% of the issued share
capital of the company after enlargement.
Yooya is a content-driven e-commerce platform that is reshaping the way that brands
connect with Chinese consumers. It helps brands to reach the right audiences through its
targeted video platform and substantial network of content producers and e-commerce
providers. It is particularly focused on brands in the beauty and cosmetics, health and
wellness, apparel, and related sectors. (RC)