Mergers & Acquisitions ·
DirectBooking Technology Co., Ltd. terminated a Securities Purchase Agreement to acquire 49% of China Wangmao Liquor…
ZDAIDirectBooking Technology Co., Ltd.
DirectBooking Technology Co., Ltd. terminated a Securities Purchase Agreement to acquire 49% of China Wangmao Liquor Industry Group Co., Limited after failing to receive shares despite paying approximately US$12.7 million in December 2025. The termination was agreed upon due to commercial considerations and unforeseen events, with the Company delivering notice on August 11, 2026. China Wangmao will compensate DirectBooking by paying interest at an annual rate of 5.25% on the purchase price for the period it held the funds. This company operates in the technology sector, providing booking and travel-related software solutions.