FLJ Group Limited (NasdaqGM:FLJ) entered into an equity acquisition agreement to acquire 95% stake in Lianlian Holdings Inc for CNY 1.8 billion on September 29, 2023. The purchase price will consist of cash and newly issued Class A ordinary shares of the Company, the exact portion of which will be determined by the Company at the closing of the Acquisition. Transaction will be subject to regulatory approval.

FLJ Group Limited (NasdaqGM:FLJ) cancelled the acquisition of 95% stake in Lianlian Holdings Inc. on December 28, 2023.