Feb 26, 2021 10:05 PM (GMT+8) · EqualOcean
Kunlun world wide announced that Kunlun Group Limited (Kunlun group), a wholly-owned subsidiary of the company, intends to purchase 60.65% of the equity held by the shareholders of star group interactive Inc. ("Star Group"), formerly known as Starmaker Inc., for a total consideration of about RMB 1.395 billion, which will be paid in US dollars. After the completion of the transaction, the company holds 60.65% of the common shares of star group through Kunlun group, a wholly-owned subsidiary, and 19.35% of the preferred shares of star group through opera limited, a holding subsidiary, holding a total of 80% of the equity of star group.