Waterdrop Agrees To Acquire Up To 100% Of Equity Interest Of Cunzhen Qiushi For Aggregate $52.6162M
Portfolio Pulse from Benzinga Newsdesk
Waterdrop has agreed to acquire up to 100% of the equity interest of Shenzhen Cunzhen Qiushi Technology Co., Ltd. and its subsidiaries for an aggregate consideration of RMB360.0 million ($52.6162 million) through multiple closings.
June 09, 2023 | 10:06 am
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Waterdrop's acquisition of Cunzhen Qiushi for $52.6162M could potentially expand its market presence and product offerings.
The acquisition of Cunzhen Qiushi by Waterdrop is expected to have a positive impact on WDH's stock price in the short term. The acquisition could potentially expand Waterdrop's market presence and product offerings, leading to increased revenues and growth opportunities.
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