DMALL (02586.HK): Completes Cloopen Acquisition with About 33.03% Effective Economic Interest
NewTimeSpace News: On 29 October 2026, Dmall Inc. (stock code: 2586) announced that, for its major transaction involving the acquisition of interests in Cloopen Group Holding Limited, completion of the transaction and of the merger occurred on 28 October 2026 (Hong Kong time, after the trading session), with the merger taking effect on 29 October 2026 (Hong Kong time, before the trading session).
The final amount drawn under the buyer's commitment was about US$34,247,196.
Following completion of the merger and its taking effect, the buyer holds about 49.78% of the parent, which in turn holds about 66.36% of Cloopen, giving the buyer an effective economic interest of about 33.03% in Cloopen. The parent, the holding company and Cloopen will be accounted for as associates of the Group.
- HUTCHMED (00013.HK): Sovleplenib Wins FDA Orphan Drug Status for Primary ITP
- WERIDE-W (00800.HK): Jingshuo Raises RMB70m and Adopts Incentive Plan; Stake Diluted to 67.63%
- ASCLETIS-B (01672.HK): ASC30 Meets Phase II Diabetes Endpoint with 1.7% HbA1c Reduction
- INNOVENT BIO (01801.HK): Q3 Product Revenue Exceeds RMB4.7bn, Up Over 40%
- BUD APAC (01876.HK): Nine-Month Revenue US$4.62bn, Normalised Profit US$628m
