DL Holdings Group Agrees to Subscribe for 19 Million Shares in Youngtimers AG

Reuters12-07
DL Holdings Group Agrees to Subscribe for 19 Million Shares in Youngtimers AG

DL Holdings Group Ltd. has entered into a subscription agreement with Youngtimers AG (YTME), under which DL Holdings will subscribe for 19,047,618 newly issued shares in YTME at a price of CHF0.42 (approximately HK$4.10) per share. This agreement follows a previously announced term sheet and is expected to enhance collaboration between the two groups in co-investments, product development, and cross-border asset management. The board of DL Holdings believes the partnership will generate synergies and support sustainable value creation.

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