IClick Interactive Asia Group to Sell Demand Side Marketing Solutions Business in China to SiAct

MT Newswires Live09-11

IClick Interactive Asia Group (ICLK) agreed to sell its demand side marketing solutions business in China to SiAct for 1 million renminbi ($140,500).

The divestment aligns with the plan to scale down "lower-margin and higher-risk businesses" in marketing solutions, iClick said Wednesday in a statement.

IClick agreed to repay $35 million of outstanding principal for loans extended by three banks to the disposed business within six months.

IClick also will provide a loan of 20 million renminbi to the divested business for a term of six months to support business during a transition period.

The deal is subject to approval by iClick shareholders.

Shares of the company rose 5.8% in recent trading Wednesday

Price: 2.96, Change: +0.16, Percent Change: +5.80

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466623873?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-11 22:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2466623873","market":"hk","top_or_hot":-1,"title":"IClick Interactive Asia Group to Sell Demand Side Marketing Solutions Business in China to SiAct","media":"MT Newswires Live","content":"<html><body><p> IClick Interactive Asia Group (ICLK) agreed to sell its demand side marketing solutions business in China to SiAct for 1 million renminbi ($140,500).</p><p>The divestment aligns with the plan to scale down \"lower-margin and higher-risk businesses\" in marketing solutions, iClick said Wednesday in a statement.</p><p>IClick agreed to repay $35 million of outstanding principal for loans extended by three banks to the disposed business within six months.</p><p>IClick also will provide a loan of 20 million renminbi to the divested business for a term of six months to support business during a transition period.</p><p>The deal is subject to approval by iClick shareholders.</p><p>Shares of the company rose 5.8% in recent trading Wednesday</p><p>Price: 2.96, Change: +0.16, Percent Change: +5.80</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>IClick Interactive Asia Group to Sell Demand Side Marketing Solutions Business in China to SiAct</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIClick Interactive Asia Group to Sell Demand Side Marketing Solutions Business in China to SiAct\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-11 22:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IClick Interactive Asia Group (ICLK) agreed to sell its demand side marketing solutions business in China to SiAct for 1 million renminbi ($140,500).The divestment aligns with the plan to scale down \"...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ICLK","symbol_name":"爱点击","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2466623873","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466623873","pubTimestamp":1726065711,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"IClick Interactive Asia Group (ICLK) agreed to sell its demand side marketing solutions business in China to SiAct for 1 million renminbi ($140,500).The divestment aligns with the plan to scale down \"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ICLK":"爱点击","BK4009":"广告"},"translate_title":"爱点击互动亚洲集团将向SiAct出售中国需求侧营销解决方案业务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ICLK":0.9},"content_text":"IClick Interactive Asia Group (ICLK) agreed to sell its demand side marketing solutions business in China to SiAct for 1 million renminbi ($140,500).The divestment aligns with the plan to scale down \"lower-margin and higher-risk businesses\" in marketing solutions, iClick said Wednesday in a statement.IClick agreed to repay $35 million of outstanding principal for loans extended by three banks to the disposed business within six months.IClick also will provide a loan of 20 million renminbi to the divested business for a term of six months to support business during a transition period.The deal is subject to approval by iClick shareholders.Shares of the company rose 5.8% in recent trading WednesdayPrice: 2.96, Change: +0.16, Percent Change: +5.80","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466623873"}