Hebron Technology is set to acquire Nami, a financial advisory provider in China, for $25.4M in a cash and stock deal.
"This acquisition...will greatly enhance our financial advisory services capacities and signify that we have reached a milestone in implementing our strategic transition from a traditional industrial technology-based product and service provider to an innovative technology-driven and industry-based financial advisory services provider. We believe that Nami acquisition will further enhance our competitiveness in China's financial services marketplace."
Anyuan Sun, the CEO of Hebron
The consideration consists of approximately $7.05M in cash and 1,562,726 Class A common shares valued at around $18.35M.