Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management Co., Ltd. cancelled the acquisition of 5.6% stake in Inly Media Co., Ltd. from Luo Yanji.
February 06, 2023
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Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management Co., Ltd. singed an agreement to acquire a 5.6% stake in Inly Media Co., Ltd. (SHSE:603598) from Luo Yanji for approximately CNY 120 million on July 29, 2022. Under the terms, CNY 8.2 per share will be paid to acquire 15 million shares. Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management shall pay 20% consideration within 3 working days from the date of this agreement, and shall pay 30% consideration within 5 working days from the date when the target share transfer registration procedure is completed and the remaining 50% within 6 months after the transfer. Luo Yanji held 110,716,900 shares prior to this transaction, accounting for 41.33% of Inly Media.
Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management Co., Ltd. cancelled the acquisition of 5.6% stake in Inly Media Co., Ltd. (SHSE:603598) from Luo Yanji on February 7, 2023.
Inly Media Co., Ltd. is an advertising company which provides media agency service for the customers. The Company is also engaged in data strategy and consulting, guerilla advertising, Internet public relations, brand management and other special advertising services.
Yongrui Xingkong No. 4 private securities investment fund, managed by Beijing Yongrui Private Equity Fund Management Co., Ltd. cancelled the acquisition of 5.6% stake in Inly Media Co., Ltd. from Luo Yanji.