Legend-Backed Lakala Seeks A-Share Listing Via $1.69B Deal

Beijing-based third-party payment firm Lakala, backed by Legend Holdings, is planning a float through a transaction with Shanghai-listed Tibet Tourism, according to a disclosure document (in Chinese). Tibet Tourism, a travel destination management company, announced plans earlier this month to acquire Lakala through issuance of new shares and cash payments in a deal valued at […]

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