BRIEF-Meitu Says Meitu Networks To Buy 9.57% Stake In Meidd Technology

Reuters2021-04-09

April 9 (Reuters) - Meitu Inc :

* MEITU NETWORKS, KINGKEY CAPITAL AND MEIDD TECHNOLOGY ENTERED INTO ACQUISITION AGREEMENT

* MEITU NETWORKS HAS TO PURCHASE 9.57% STAKE IN MEIDD TECHNOLOGY KINGKEY CAPITAL

* DEAL AT CASH CONSIDERATION OF RMB19.1 MILLION

* AS AT APRIL 9, MEITU NETWORKS IS INTERESTED IN APPROXIMATELY 33.11% OF STAKE IN MEIDD TECHNOLOGY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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