BRIEF-NIP Group Signs Definitive Agreement To Acquire Young Will

Reuters10-15

Oct 15 (Reuters) - NIP Group Inc :

* NIP GROUP SIGNS DEFINITIVE AGREEMENT TO ACQUIRE YOUNG WILL

* NIP GROUP INC: NIP GROUP WILL ISSUE NEW SHARES, AT A CONSIDERATION OF RMB23.2 MILLION IN EXCHANGE FOR 61% OF EQUITY STAKE IN ZSZQ LTD

* NIP GROUP INC - TO ACQUIRE ADDITIONAL 13% STAKE IN ZSZQ LIMITED EACH YEAR UNTIL 2027

Source text for Eikon: Further company coverage:

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

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