Bluecity announces shareholders' approval of merger agreement

Beijing, july 29, 2022 (globe newswire) -- bluecity holdings limited (“bluecity” or the “company”) (nasdaq: blct), a leading online lgbtq platform, today announced that at an extraordinary general meeting of shareholders held today, the company's shareholders voted in favor of, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger (the “merger agreement”), dated as of april 30, 2022, among the company, multelements limited (the “parent”), and diversefuture limited, a wholly-owned subsidiary of parent (the “merger sub”), pursuant to which the merger sub will be merged with and into the company, with the company being the surviving company and becoming a wholly-owned subsidiary of parent (the “merger”), the plan of merger required to be filed with the registrar of companies of the cayman islands (the “plan of merger”) and the consummation of the transactions contemplated thereby, including the merger.
BLCT Ratings Summary
BLCT Quant Ranking