Author: mickey94j67

VC Holdings to Acquire SaaS-related Software and Subsidiary from iDreamSky

Value Convergence Holdings Limited (“VC Holdings”, together with its subsidiaries, the “Group”; Stock Code: 0821.HK) announced that the Group has entered into the sale and purchase agreement with iDreamSky Technology Holdings Limited (“iDreamSky”) to acquire its Rainbow Software, Dolphin Software and Nvwa Software at RMB45.00 million (equivalent to approximately HK$53.83 million). In addition, the Group is to acquire the entire issued share capital of Dream Impression Holdings Limited (“Dream Impression”) from Shenzhen Qianhai iDream Technology Co., Ltd., an indirect wholly-owned subsidiary of iDreamSky at RMB28.00 million (equivalent to approximately HK$33.49 million). The total consideration of the two acquisitions is RMB73.00 ... Read more