M&A
confidence high
sentiment neutral
materiality 0.50
ZW Data Action Tech to acquire Rahula Digital Media for $600k
ZW Data Action Technologies Inc.
- Subsidiary ChinaNet Investment Holding to buy 100% of Rahula Digital Media (HK) from Vickie Chan for US$600,000.
- Rahula owns Shenzhen Shangye Business Consulting, which holds marketing data IP and agent management technologies.
- Deal expected to close before March 18, 2025; subject to customary conditions.
- Consideration to be paid in cash at completion; agreement contains standard representations and warranties.