- AnPac Bio-Medical Science ( NASDAQ: ANPC ) has announced that Co. through a subsidiary, Fresh2 Technology has entered into a definitive stock purchase agreement to acquire Fresh2 Ecommerce.
- This acquisition is a critical initiative for the Co.'s business strategy of entering into the U.S. food market by initiating and developing a new e-commerce platform.
- Pursuant to the SPA, the Co. agreed to purchase 100% of the issued and outstanding equity interest of Fresh2 Ecommerce in consideration of $2.1M, payable in the form of 5.44M newly issued Class A ordinary shares.
- The closing of the transaction is expected to take place in the first quarter of 2023.
- "Looking forward, we are committed to building a B2B e-commerce platform and food supply chain network for Asian food products in the U.S., connecting food suppliers and commercial customers and creating an internet ecosystem for the Asian food industry." said Mr. Haohan Xu, the Co-CEO.
For further details see:
AnPac Bio to acquire Fresh2 Ecommerce for $2.1M