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LONG INVESTMENT GROUP (02312.HK) Acquires Minority Stakes in Two Nasdaq-Listed Companies
LONG INVESTMENT GROUP (02312.HK) announced that it has entered into two share purchase agreements to acquire target shares in two Nasdaq-listed companies, involving minority equity...
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LONG INVESTMENT GROUP (02312.HK) Acquires Minority Stakes in Two Nasdaq-Listed Companies
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LONG INVESTMENT GROUP (02312.HK)  -0.020 (-3.390%)   announced that it has entered into two share purchase agreements to acquire target shares in two Nasdaq-listed companies, involving minority equity investments of less than 5% in Metalpha Technology Holding Limited (MATH.US)      and NIP Group Inc. (NIPG.US)      .

The company will allot and issue a total of 40.6014 million consideration shares at an issue price of HKD0.728 per share. The issue price represents a premium of 15.56% over the closing price of HKD0.63 on Apr 15.

Pursuant to the share purchase agreements, the company will acquire 1.74 million shares of Metalpha Technology Holding Limited and 4.5876 million shares of NIP Group Inc. (sl/u)(HK stocks quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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