ZW Data Action Technologies' CNET Technology Enters Agreement With B Ocean Capital Management And Oasis Management Consultant And Titans Investment Asset Holdings To Which Each Seller Will Sell Its 9.80% Equity Interests In Titans For $300K Cash And 200K Shares Of Stock, Having A Total Value Of $420K And Valued At $2.10 Per Share

Author: Benzinga Newsdesk | September 19, 2025 04:15pm

On September 17, 2025, CNET Technology Limited (the "Purchaser"), a wholly-owned subsidiary of ZW Data Action Technologies Inc. (the "Company") in the British Virgin Islands, entered into a purchase agreement (the "Acquisition Agreement") with B Ocean Capital Management Limited, a Cayman Islands company, and Oasis Management Consultant Limited, a Hong Kong company (collectively with B Ocean Capital Management Limited, the "Sellers") and Titans Investment Asset Holdings Limited, a British Virgin Islands company ("Titans"), pursuant to which each Seller will sell its 9.80% equity interests in Titans (the "Equity Interests") to the Purchaser. In consideration for the Equity Interests, the Purchaser shall pay to the Sellers totaling $300,000 in cash and cause the Company to issue 200,000 shares of common stock of the Company, having a total value of $420,000 and valued at $2.10 per share, to the Sellers. The closing of the acquisition is subject to customary terms and conditions as set forth in the Acquisition Agreement.

Posted In: CNET