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ContextLogic宣布股东批准与Qoo 10的交易

2024-04-19 20:39

  • ContextLogic (NASDAQ:WISH) on Friday announced that its stockholders approved the asset sale transaction with Qoo10 Pte at yesterday’s special meeting of stockholders.
  • The transaction is expected to close later today, April 19, 2024.
  • ContextLogic in February, said it has agreed to sell its assets and liabilities, mainly its Wish e-commerce platform, for $173 million in cash to Singaporean e-commerce company Qoo10.
  • According to the preliminary results of the special meeting, about 51.5% of the company’s outstanding shares voted in favor of approving the asset sale.
  • Furthermore, of the shares that were voted at the special meeting, about 97% of those shares voted in favor of the transaction.
  • Source: Press Release

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