Connexa股东批准收购Yuyu Enterprise的交易

2024-05-17 21:32

Connexa Sports Technologies (NASDAQ:YYAI) the owner of Slinger Bag and Gameface AI announced that the Co.’s shareholders approved the acquisition of Yuanyu Enterprise Management as well as the subsequent change-in-control.
As a result, this will leave YYEM and its sole shareholder, Mr. Hongyu Zhou, with a controlling interest in Connexa.
On the close of this transaction YYEM will effect, and Connexa will accept, a change-in-control of Connexa with YYEM’s operations constituting the new operations of Connexa and all Slinger Bag assets and liabilities being divested to a privately held Co.
“Following our recent announcement to acquire 70% of YYEM, as a pathway to deliver enhanced value to all of our shareholders, we are grateful to our shareholders for their support of the Board of Directors in approving this transaction”, commented Mike Ballardie, CEO Connexa Sports Technologies.

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