---
title: "YOHO GROUP completes the acquisition of the J SELECT brand and business"
description: "YOHO GROUP has completed the acquisition of the J SELECT brand and business, with a transaction price not exceeding HKD 4.42 million. The payment method includes a maximum of HKD 2.9 million in cash a"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/213173749.md"
published_at: "2024-09-02T04:08:03.000Z"
---

# YOHO GROUP completes the acquisition of the J SELECT brand and business

> YOHO GROUP has completed the acquisition of the J SELECT brand and business, with a transaction price not exceeding HKD 4.42 million. The payment method includes a maximum of HKD 2.9 million in cash and consideration shares issued at HKD 1 per share. The initial delivery was completed on August 31, 2024, and Jebsen & Co., Ltd. has become the company's new shareholder

According to the news from Wise Finance APP, YOHO GROUP (02347) announced that on August 12, 2024, the company entered into an asset acquisition agreement with the seller for the J SELECT brand. The company plans to acquire assets from Jetion Consumer Goods Limited and Jetion Foreign Company Limited for a consideration not exceeding HKD 4.42 million. This will be paid by the company to the seller in cash not exceeding HKD 2.9 million and by issuing and allotting 1 million shares to the seller at a price of HKD 1 per share based on general mandate.

All conditions for the first delivery under the asset acquisition agreement have been met, and the first delivery was completed on August 31, 2024, in accordance with the terms and conditions of the asset acquisition agreement. After the completion of the first delivery, the company issued and allotted 1.516 million shares of consideration shares to Jetion Foreign Company Limited, which has become a shareholder of the company

### Related Stocks

- [02347.HK - YOHO GROUP](https://longbridge.com/en/quote/02347.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.