Cootes Intelligent: Plans to sign a Memorandum of Understanding to acquire the controlling stake in Korea's apM Group, with an amount of approximately 500 million yuan.

2026-03-29 01:47:06

Kute Intelligent Announcement, its subsidiary Aijia International (Investment) Development Co., Ltd. has signed a Memorandum of Understanding with SEOK JOO HYUNG and SONG SEE YONG, intending to acquire the controlling stake in the main operating companies of the South Korean apM Group with cash. The total transaction amount is expected to be around RMB 500 million, with specific payment arrangements and prices to be determined through negotiation. This transaction is still in the planning stage, and the specific transaction plan will require further negotiation and validation after due diligence is completed, as well as the fulfillment of necessary internal decision-making and approval procedures from relevant authorities.

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