Jiumaojiu International Holdings Ltd. said it has entered into agreements to acquire a minority interest in Big Way Group Inc., the parent of the North American “Big Way Hot Pot” restaurant chain. Under a share subscription agreement signed Feb. 26, 2026 (Vancouver time), Jiumaojiu will subscribe for 48,204,438 Class A preferred shares for USD28 million, and under separate purchase and sale agreements it will buy 25,823,805 preferred shares from eight selling shareholders for USD15 million, with those shares to be exchanged one-for-one into Class A preferred shares. The total consideration is USD43 million, funded by internal resources and bank loans, and together with a prior USD4 million investment completed in July 2025, Jiumaojiu will hold about 49.0% of the participating rights but about 10.8% of the voting rights in the target, which will not be consolidated as a subsidiary.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jiumaojiu International Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260227-12032768), on February 27, 2026, and is solely responsible for the information contained therein.
Comments