NEW YORK Aug. 25, 2021 PRNewswire–Color Star Technology Co., Ltd.’s wholly-owned subsidiary, Color China, today announced the signing of a letter of intent to acquire shares in Hainan Dadatu Network Technology Co., Ltd. . Color China is expected to either acquire the majority of Dadatu’s outstanding shares, or invest directly in Dadatu ‘ s planned U.S. IPO listing. In the near future, Color China plans to undertake …
NEW YORK , Aug. 25, 2021 /PRNewswire/–Color Star Technology Co., Ltd.’s (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”) wholly-owned subsidiary, Color China, today announced the signing of a letter of intent to acquire shares in Hainan Dadatu Network Technology Co., Ltd. (hereinafter referred to as “Dadatu”). Color China is expected to either acquire the majority of Dadatu’s outstanding shares, or invest directly in Dadatu ‘ s planned U.S. IPO listing. In the near future, Color China plans to undertake in-depth collaborations in the development, global operations management, and distribution of mobile internet games. In addition, Color China will leverage Color Star’s experience in global strategic positioning and its overseas listing to provide an all-around interactive gaming experience to hundreds of millions of global users.
Dadatu was established in July 2019 with its main business focus on game development, distribution, and strategic operations for mobile users. It has a registered capital of RMB 10 million and has over 10...
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