Yoho Group Closes Acquisition of J Select Assets

MT Newswires Live09-02

Yoho Group Holdings (HKG:2347) has completed the acquisition of assets related to the brand J Select from Jebsen Consumer Products and Jebsen and Co., a Monday bourse filing said.

Following the acquisition, the company has allotted and issued 1,516,000 of its shares to Jebsen and Co. as part of the consideration under the contract. As a result, Jebsen and Co. has become a shareholder of the e-commerce service provider.

The parties had entered into an agreement regarding the acquisition in August this year.

Shares of the company closed nearly 2% higher on Monday.

Price (HKD): $0.62, Change: $+0.010, Percent Change: +1.64%

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