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FLJ Group Limited (NASDAQ: FLJ), a company operating in the insurance agency and insurance technology sectors in the PRC, has successfully completed the acquisition of Alpha Mind Technology Limited, a transaction that was initially announced on November 22, 2023. The acquisition, which was finalized on December 28, 2023, involved an all-cash purchase price of $180 million, paid through promissory notes with a 90-day maturity and a 3% annual interest rate. These notes are secured by the equity and assets of Alpha Mind and its subsidiaries. With this acquisition, Alpha Mind becomes a wholly-owned subsidiary of FLJ Group. The company's senior management will remain in place following the transaction. Additionally, FLJ Group has terminated its previously announced acquisition agreement with Lianlian Holdings Inc., which was made public on September 29, 2023. The termination was mutual between both parties. FLJ Group's business includes a PRC-licensed insurance agency working with approximately 180 insurance carriers and an insurance technology business developing SaaS platforms for the insurance industry.
FLJ Group Limited (NASDAQ: FLJ), a company operating in the insurance agency and insurance technology sectors in the PRC, has successfully completed the acquisition of Alpha Mind Technology Limited, a transaction that was initially announced on November 22, 2023. The acquisition, which was finalized on December 28, 2023, involved an all-cash purchase price of $180 million, paid through promissory notes with a 90-day maturity and a 3% annual interest rate. These notes are secured by the equity and assets of Alpha Mind and its subsidiaries. With this acquisition, Alpha Mind becomes a wholly-owned subsidiary of FLJ Group. The company's senior management will remain in place following the transaction. Additionally, FLJ Group has terminated its previously announced acquisition agreement with Lianlian Holdings Inc., which was made public on September 29, 2023. The termination was mutual between both parties. FLJ Group's business includes a PRC-licensed insurance agency working with approximately 180 insurance carriers and an insurance technology business developing SaaS platforms for the insurance industry.
FLJ集团有限公司（纳斯达克股票代码：FLJ）是一家在中国保险代理和保险技术领域运营的公司，已成功完成对阿尔法心智科技有限公司的收购，该交易最初于2023年11月22日宣布。此次收购于2023年12月28日完成，涉及1.8亿美元的全现金收购价格，通过期票支付，期限为90天，年利率为3％。这些票据由Alpha Mind及其子公司的股权和资产担保。通过此次收购，Alpha Mind成为FLJ集团的全资子公司。交易完成后，该公司的高级管理层将继续留任。此外，FLJ集团终止了先前宣布的与联联控股公司的收购协议，该协议已于2023年9月29日公布。双方共同终止。FLJ集团的业务包括一家与大约180家保险公司合作的经中国许可的保险机构，以及一家为保险行业开发SaaS平台的保险技术公司。
FLJ集团有限公司（纳斯达克股票代码：FLJ）是一家在中国保险代理和保险技术领域运营的公司，已成功完成对阿尔法心智科技有限公司的收购，该交易最初于2023年11月22日宣布。此次收购于2023年12月28日完成，涉及1.8亿美元的全现金收购价格，通过期票支付，期限为90天，年利率为3％。这些票据由Alpha Mind及其子公司的股权和资产担保。通过此次收购，Alpha Mind成为FLJ集团的全资子公司。交易完成后，该公司的高级管理层将继续留任。此外，FLJ集团终止了先前宣布的与联联控股公司的收购协议，该协议已于2023年9月29日公布。双方共同终止。FLJ集团的业务包括一家与大约180家保险公司合作的经中国许可的保险机构，以及一家为保险行业开发SaaS平台的保险技术公司。
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