Urban Tea Acquires 80% of Guokui Management (Crop Circle NYC)
September 23, 2020
Urban Tea Inc. entered into a share purchase agreement to acquire 80% of Guokui Management Inc. for $400,000 in cash. The acquisition gives Urban Tea ownership of the CROP CIRCLE trademark and operations in New York City as part of the company's U.S. expansion plans into casual food and beverage.
- Buyers
- Urban Tea Inc.
- Targets
- Guokui Management Inc.
- Sellers
- Guokui shareholders
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Transaction Type
- Buyout
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