AiRWA acquires 97% of Hongkong Best Life for $50M base plus earn-outs up to $80M

AIRWA INC.

Base consideration $50M payable $30M at closing, $20M within 90 days; earn-outs up to $80M based on revenue targets.
Best Life is an import-export company with operations in Japan, Hong Kong, China, UK, expanding to US, Canada, NZ.
Customer relationships include Alibaba Health, AlipayHK, Tmall, Taobao, Cainiao; management projects revenue >$100M in 3 years.
Acquisition aims to diversify revenue and complement AI data training business; follows delays in RWA exchange joint venture.
Closing subject to customary conditions; financial statements to be filed within 71 days.

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