[ET Net News Agency, 20 December 2021] Meitu, Inc. (01357) said Meitu Networks has
agreed to purchase approximately 20.67% equity interest in Meidd Technology at an
aggregate consideration of approximately RMB79,741,920. The consideration shall be
satisfied (i) as to HK$48,891,428 by the allotment and issue of 29,452,667 consideration
shares and (ii) as to RMB39,870,960 in cash.
Meidd Technology is principally engaged in the provision of merchant service and SaaS
products to a large network of skincare and cosmetics stores in the PRC. (RC)