FLJ Group Limited Acquires Alpha Mind Technology Limited for $180M
November 22, 2023
FLJ Group Limited entered into an agreement to acquire all issued and outstanding shares of Alpha Mind Technology Limited for an aggregate purchase price of US$180 million, with the purchase funded by promissory notes due 90 days after closing. Alpha Mind operates a nationwide insurance agency in China and an insurance-technology business (including SaaS platforms and AI-driven underwriting support); upon closing it will become a wholly-owned subsidiary of FLJ.
- Buyers
- FLJ Group Limited
- Targets
- Alpha Mind Technology Limited
- Sellers
- The Target Company's shareholders
- Industry
- Financial Services
- Location
- China
- Transaction Type
- Buyout
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