Genimous Investment purchased Spigot INC. in Silicon Valley for $25.2 billion

      Genimous Investment (000676) today announced it purchased 100% equity interest of Spigot INC (hereinafter referred to as Spigot) in Silicon Valley for $ 251,696 million. This transaction is an important acquisition of Genimous Investment in its transformation in the field of the Internet. CV Capital is the financial adviser of the transaction.

      The predecessor of Genimous Investment is Henan Star Electronic Instrument Co., Ltd.,  which was establishment in 1996 with the approval of the Henan Provincial Commission for Restoration and then was listed on the Shenzhen Stock Exchange. The Company changed its name to Genimous Investment Co., Ltd. in January 2015 through two equity transfers in the year 2009 and 2014 respectively. The company mainly engaged in equity investment and asset management of electronic equipment, high-tech and related areas.