BIT Mining Narrows Its Stake in Loto Interactive Through Sale of Shares

Seeking Alpha2022-07-12

BIT Mining (NYSE:BTCM) entered into a share sale and purchase agreement with an unaffiliated third party wherein the company agreed to sell and buyer agreed to sell, and the buyer agreed to purchase ~51% of the total issued share capital of Loto Interactive.
It represents 279.67M shares of Loto Interactive at the price of HK$0.28/share for total consideration of HK$78.3M.
Post the transaction, the company's share ownership in Loto Interactive will decrease to 8.79%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Andersonkana
2022-07-12
Andersonkana
K
NgLaiYing
2022-07-12
NgLaiYing
Ok

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