first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter In addition, 500.com said it will now make a cash offer for the cancellation of all options of Loto Interactive, again in accordance with the Hong Kong Code on Takeovers and Mergers. 1st April 2021 | By Robert Fletcher The acquisition was made via a share subscription, with 500.com purchasing a total of 169,354,839 shares at a price of HK$0.62 per share, as per a deal agreed in January. Chinese lottery provider 500.com has finalised its acquisition of a majority stake in Loto Interactive, purchasing 169,354,839 shares in the solutions business for HK105.0m (£98.0m/€11.5m/US$13.5m). In relation to the subscription, Loto Interactive has completed its acquisition of the remaining equity interests in indirectly held subsidiary Ganzi Changhe Hydropower Consumption Service Co. Tags: 500.com Loto Interactive 500.com completes acquisition of majority stake in Loto Interactive Subscribe to the iGaming newslettercenter_img M&A Loto Interactive purchased the interests from two sellers for a consideration of approximately $104.4m, increasing its ownership of Ganzi Changhe to 100%. Topics: Strategy M&A 500.com now holds a 54.3% ownership interest in Loto Interactive, increasing its existing holding from 33.7%. Regions: Asia Pursuant to the Hong Kong Code on Takeovers and Mergers, 500.com will now be required to make a cash offer to acquire all the remaining shares of Loto Interactive at $0.75 per share. Email Addresslast_img