Igomax Inc., Rise Chain Investment Limited and Huang Jianjun cancelled the acquisition of remaining 37% of stake in iClick Interactive Asia Group Limited.

Igomax Inc., Rise Chain Investment Limited and Huang Jianjun agreed to acquire remaining 37% of stake in iClick Interactive Asia Group Limited (NasdaqGM:ICLK) on December 20, 2022. According to the Proposal Letter, the Consortium intends to fund the consideration payable in the Proposed Transaction with a combination of equity and debt financing. on November 24, 2023 Igomax Inc., Rise Chain Investment Limited and Huang Jianjun entered into agreement to acquire iClick Interactive Asia Group Limited Equity financing is expected to be provided by the Consortium in the form of cash contributions and rollover equity in iClick Interactive. Debt financing is expected to be provided by loans from third party financial institutions. The special committee of the Board consisting of four independent directors, Dylan Huang, Lub Bun Chong, Matthew Chu Pong Fong and Philip Kan, will evaluate the Proposed Transaction. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor and Houlihan Lokey (China) Limited acted as financial advisor to iClick Interactive Asia Group Limited. Ropes & Gray and Prospera Law LLP are serving as U.S. legal counsel to the Consortium, and Harney Westwood & Riegels is serving as Cayman Islands legal counsel to the Consortium. The deal has been approved by shareholders of iClick Interactive Asia Group Limited.

Igomax Inc., Rise Chain Investment Limited and Huang Jianjun cancelled the acquisition of remaining 37% of stake in iClick Interactive Asia Group Limited (NasdaqGM:ICLK) on April 26, 2024.