ALI HEALTH Issues New Shrs to Buy Marketing Right for Healthcare Categories from Parent Co., Involving $13.5B
Acquisition Details:
- ALI HEALTH is acquiring the entire issued share capital of AJK Technology from its controlling shareholder $BABA-SW(09988.HK$ .
- Consideration: HK$13.512 billion.
- Consideration includes issuing 2.558 billion shares at HK$4.50 per share and paying USD Equivalent of HK$2 billion in cash.
Businesses of AJK Technology:
- Exclusive Marketing Materials Review Right.
- Provides Marketing Materials Review Services for products and services under Healthcare Categories.
- Ancillary right to provide Value-added Services to Target Merchants under Healthcare Categories.
- ALI HEALTH is acquiring the entire issued share capital of AJK Technology from its controlling shareholder $BABA-SW(09988.HK$ .
- Consideration: HK$13.512 billion.
- Consideration includes issuing 2.558 billion shares at HK$4.50 per share and paying USD Equivalent of HK$2 billion in cash.
Businesses of AJK Technology:
- Exclusive Marketing Materials Review Right.
- Provides Marketing Materials Review Services for products and services under Healthcare Categories.
- Ancillary right to provide Value-added Services to Target Merchants under Healthcare Categories.
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