Maase Inc. Completes Acquisition of Oriental Grove Ltd for $62.4 Million
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Maase Inc. has successfully acquired Oriental Grove Ltd for $62.4 million. The deal includes 34,911,410 Class A shares at $1.5 each and a $10 million cash payment due within a year. Oriental Grove Ltd, specializing in premium tea products, is now a wholly-owned subsidiary of Maase Inc. The sellers hold about 9.8% of Maase Inc.'s shares, with a 60-month lock-up period. This information was disclosed by Maase Inc.
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