Flj group limited entered into a definitive agreement to acquire lianlian holdings inc.

Shanghai, china, sept. 29, 2023 (globe newswire) -- flj group limited (nasdaq: flj) (“flj” or the “company”), a leading technology-driven long-term apartment rental platform in china, today entered into an equity acquisition agreement with lianlian holdings inc. (the “target company” or “lianlian”) and certain of the target company's shareholders to acquire 95% of the issued and outstanding shares in the target company for an aggregate purchase price of rmb1,800,000,000 (the “acquisition”). 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. upon the closing of the acquisition, lianlian will be a 95%-owned subsidiary of the company.
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