On December 5th, RELX Technology announced on its official website (ir.relxtech.com) that the company has entered into two equity acquisition agreements with two target companies and their respective shareholders (hereinafter referred to as “the business acquisition equity acquisition agreements”), with a total value of approximately $25 million. The signing of the “equity purchase agreements for business acquisition” and the proposed transactions have received approval from the company’s board of directors and audit committee.
The two target companies are located in Southeast Asia and North Asia, respectively, and both are market leaders in the e-cigarette industry of their respective countries.
The anticipated transaction under the “Business Acquisition Share Purchase Agreement” is expected to facilitate the company’s international expansion in Southeast Asia and North Asia. The company also plans to continue its overseas expansion in the future.