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TD Holdings Announces Entry into Non-Binding LOI for the Acquisition of Tongdow E-Commerce Group


December 15, 2020
SHENZHEN, China, Dec. 15, 2020 /PRNewswire/ TD Holdings, Inc. (Nasdaq: GLG) (the Company ), a commodities trading service provider in China today announced that it has entered into a non-binding letter of intent ( LOI ) to acquire Tongdow E-Commerce Group Co., Ltd. ( Tongdow ), a B2B digital e-commerce platform for commodities trading and integrated supply chain services headquartered in Shenzhen China.
Pursuant to the terms of the LOI, the Company will acquire control and economic interest of Tongdow pursuant to certain VIE arrangements and the equity owners of Tongdow shall receive a combination of restricted shares and cash payment as consideration. As the transaction proceeds, the Company will publicly disclose required information either through press releases or SEC filings, as appropriate. ....

Prnewswire Td Holdings Inc , China Construction Bank , Td Holdings Inc , Tongdow Group , Steel Group , China National Reserve Group , Tongdow Group Co Ltd , Shenzhen Huamucheng Trading Co Ltd , China Guodian , Datang Power , China Aluminum , Yunnan Tin Industry , Kunshan Iron , Trafigura Investment , சீனா கட்டுமானம் வங்கி , ட் ஹோல்டிங்ஸ் இன்க் , எஃகு குழு , சீனா தேசிய இருப்பு குழு , சீனா அலுமினியம் , யுன்னன் தகரம் தொழில் ,