Zhitong Financial App News, ISP GLOBAL (08487) issued an announcement about the company's proposed joint venture to provide e-commerce operation services to Chinese brand customers. The joint venture company and WFOE were established on October 27, 2021 and December 3, 2021, respectively. Upon completion, the entire joint venture group will become an indirect subsidiary of the company and its financial results will be consolidated in the financial statements of the group.
In addition, as one of the prerequisites for the phased acquisition, the consideration shares were approved for listing and trading on 30 November 2021.