Summary by Moomoo AI
Brightstar Tech Limited ("Brightstar Tech") announced after trading hours on September 25, 2024 that it has signed a memorandum of understanding with Ganzhou Zhumengsi Sporting Goods Co., Ltd. ("Ganzhou Zhumengsi"), planning to acquire the equity of Ganzhou Zhumengsi through capital injection or equity transfer. The memorandum of understanding is a non-legally binding document and includes an exclusive negotiation period until December 31, 2024. Brightstar Tech will conduct due diligence on Ganzhou Zhumengsi and strive to reach a legally binding formal agreement within the exclusive negotiation period. Ganzhou Zhumengsi focuses on the research and innovation of health technology sports products. Brightstar Tech believes that this potential acquisition will help expand its sports technology application scope and bring diversified income to the group. Currently, the specific terms and conditions of the acquisition are still under negotiation.
