Business Circle to acquire 63.7% of Mai Lin's shares

Absrtact: Macaulay (m18.com) announced yesterday that the Business Circle Network (cnshangquan.com) has successfully completed the acquisition of 290564842 shares of the Mai Lin common stock transactions from several shareholders, accounting for the 63.7% of the issued circulation stocks. The deal was first announced on January 30 this year, when Macaulay

M18.com announced yesterday that the Business Circle Network (cnshangquan.com) had successfully completed the acquisition of 290564842 shares of the Mai Lin common stock transaction from a number of shareholders, accounting for 63.7% of the issued circulated shares of Mai.

The deal was first announced on January 30 this year, when Macaulay said that the company's specific shareholders had reached a stock purchase agreement with the business Circle on January 29, 2014. The net will be about 39 million U.S. dollars in cash from a number of shareholders to acquire 290564842 shares of the Mai Lin Common shares, the Macquarie has issued a circulation shares of 63.7%. Business Circle is located in Nanjing, Enterprise and consumer-oriented integrated marketing platform.

At the same time as the deal was completed, the directors of the company previously appointed by the selling shareholders would leave, including Shen (Chairman), Beichun (CEO), and director Herman Yu and Dazhong Qin.

Bin Chen, Ye Wang, Yifan Li and fan Zhang were appointed as directors of the company, with bin Chen as chairman and Ye Wang as CEO. The appointment takes effect immediately upon the completion of the transaction.