PE-backed Digital Horizon to list via reverse merger
Beijing Digital Horizon Technology, a Chinese mobile social networking service (SNS) provider backed by Infinity Group and other VC investors, intends to list on the Shenzhen Stock Exchange through a reverse merger with Hangzhou New Century Information Technology.
According to a regulatory filing, Digital Horizon will inject its assets worth RMB2.13 billion ($343 million) into Hangzhou New Century via a share issue. The listed company will subscribe 1.35 billion...
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