Fresh2 Group Ltd. Acquires Youfood Group Inc.

January 4, 2024

Fresh2 Group Ltd. (NASDAQ: FRES), through its subsidiary Fresh2 Technology Inc., agreed to acquire 100% of Youfood Group Inc. in a stock-for-stock transaction. The deal—payment in 38,333,334 newly issued Fresh2 Class A common shares—is intended to expand Fresh2's cross-border B2C food e-commerce capabilities and provide access to new North American customers sourcing food from Asia and South America.

Buyers
Fresh2 Group Ltd., Fresh2 Technology Inc. (subsidiary of Fresh2 Group Ltd.)
Targets
Youfood Group Inc.
Industry
E-Commerce
Location
Unknown
Transaction Type
Buyout

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