Feb 27, 2021 06:05 PM (GMT+8) · EqualOcean
On the evening of February 26, Kunlun wanwei announced that its wholly-owned subsidiary Kunlun Group Limited (Kunlun group) planned to purchase 60.65% of the equity held by the shareholders of star group interactive Inc. (Star Group), with a transaction consideration of about 1.394 billion yuan. After the completion of the transaction, Kunlun wanwei will hold 60.65% of the common shares of star group through Kunlun group, and 19.35% of the preferred shares of star group through its holding subsidiary opera limited, holding 80% of the equity of Star Group in total.