Meitu ( (HK:1357) ) has issued an announcement.
Meitu, Inc. announced an update on the performance targets related to its acquisition of Zcool Network Group. The company achieved a Total Completion Ratio of 96.75%, surpassing the required minimum of 60%, which allows them to proceed with paying 96.75% of the second tranche cash consideration to the Founder Holdcos. This acquisition has bolstered Meitu’s photo and video model ecosystem, enhancing the quality and efficiency of content generation and expanding the exposure of its products in China’s design field.
More about Meitu
Meitu, Inc. is a company incorporated in the Cayman Islands with limited liability, conducting business in Hong Kong. It operates in the technology industry, focusing on photo and video model ecosystems, and is known for its products in design and creative communities, particularly in Mainland China.
YTD Price Performance: 46.22%
Average Trading Volume: 9,253
Technical Sentiment Signal: Sell
Current Market Cap: $3.09B
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