Blueberry Capital Limited completed the acquisition of substantially all assets of Viewtran Group, Inc..
June 17, 2015 at 12:00 am EDT
Share
An undisclosed buyer signed a purchase agreement to acquire substantially all assets of Viewtran Group, Inc. (NasdaqGS:VIEW) for $70 million on April 15, 2015. An undisclosed buyer signed a sale and purchase agreement to acquire substantially all assets of Viewtran Group, Inc. (NasdaqGS:VIEW) on April 22, 2015. Viewtran Group, Inc. is planning to de-list its common stock from NASDAQ, the last day of trading being on or about May 14, 2015. The closing of the transaction will be subject to approval from third parties and/or governmental or regulatory authorities or bodies, a vote of the Viewtran's shareholders. On April 15, 2015, the Board of Directors of Viewtran Group recommended their shareholders to vote for the transaction. On April 15, 2015, the Audit Committee of Viewtran's Board of Directors approved the Purchase Agreement and the transaction. Viewtran Group, Inc. plans to use such funds to acquire new business operations.
An undisclosed buyer completed the acquisition of substantially all assets of Viewtran Group, Inc. (NasdaqGS:VIEW) on June 17, 2015.
Viewtran Group, Inc. provides supply chain financial services and enterprise solutions for the technology industry in China. The Company works with manufacturers and distributors to provide working capital and financing programs. The Company's services and solutions include Financial Services and Enterprise Solutions. The Company provides supply chain financial services to its customers. The Company's enterprise solutions service is a combination of (non-component) equipment system procurement, system software development, and technical deployment and maintenance services. The Company works with manufacturers to provide its customers, such as pure software development, technical deployment services or a combination of hardware, software and technical services.