A group of buyers acquired 71.897446% stake in Jiu Zun Digital Interactive Entertainment Group Holdings Limited from a group of sellers for approximately HKD 220 million.
After the transaction, Infinities Worldwide Limited, Liu Xiaoke holds 49% stake, Zhang Tao holds 4% stake, Tan Bing holds 8.9%, Wu Wenwei and Zhang Qian holds 4.29% stake, Cheng Lan holds 1.43% stake and Zhang Jianxing holds 4.28% stake. Lego Corporate Finance Limited acted as financial advisor to Jiu Zun Digital Interactive Entertainment Group Holdings Limited and ICBC International Capital Limited acted as financial advisor to Infinities Worldwide Limited and Liu Xiaoke.
Infinities Worldwide Limited, Liu Xiaoke, Zhang Tao, Tan Bing, Wu Wenwei, Zhang Qian, Cheng Lan and Zhang Jianxing completed the acquisition of 71.897446% stake in Jiu Zun Digital Interactive Entertainment Group Holdings Limited (SEHK:1961) from Captain Player Ljhjh Saga Investment Company Limited, Captain Player JLCY Saga Investment Company Limited, Captain Player WW Saga Investment Company Limited, Captain Player Dragon Wing Saga Investment Company and Captain Player LTZL Saga Investment Company Limited for approximately HKD 220 million on January 20, 2022.