AcquisitionsMay 1, 2026, 04:15 PM
CCSC Technology Acquires Software for $3.8M in Shares
AI Summary
CCSC Technology International Holdings Ltd. has entered into a Technology Purchase Agreement to acquire all rights, title, and interests in certain software from Asia Resource Holdings Limited. The consideration for this acquisition is 6,333,333 Class A ordinary shares of the Company, valued at an aggregate of US$3,800,000. The seller has assigned its right to receive these shares to 10 assignees, and the transaction was approved by the company's board of directors on April 28, 2026.
Key Highlights
- CCSC Technology acquired software from Asia Resource Holdings Limited.
- Consideration: 6,333,333 Class A ordinary shares.
- Aggregate value of shares: US$3,800,000.
- Per share price: US$0.60.
- Seller assigned share rights to 10 assignees.
- Board of directors approved the transaction on April 28, 2026.