Bat group, inc. (nasdaqcm:glg) entered into a share purchase agreement to acquire 20% stake in hangzhou yihe network technology co., ltd. from zhuji xingmai network technology co., ltd. for $0.69 million.

Bat group, inc. (nasdaqcm:glg) entered into a share purchase agreement to acquire 20% stake in hangzhou yihe network technology co., ltd. from zhuji xingmai network technology co., ltd. for $0.69 million on october 14, 2019. under the terms of transaction, bat group, inc. will issue 1.3 million shares to acquire 20% stake in hangzhou yihe network technology co., ltd. the transaction is subject to nasdaq’s approval of the listing of bat group, inc.'s shares, accuracy of the parties’ representations and warranties at the time of closing and other customary conditions.
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