OrderYOYO A/S (CPSE:YOYO) signed an agreement to acquire Kingfood for DKK 13.4 million on April 17, 2023. Under the terms of agreement, OrderYOYO will pay DKK 8.9 million by issuing 1,661,852 newly issued OrderYOYO shares and the remaining DKK 4.5 million will be paid in cash at closing. Kingfood founder Bing Chen will continue as an active consultant to OrderYOYO in the twelve months following closing. The transaction is expected to close on April 28, 2023.

OrderYOYO A/S (CPSE:YOYO) completed the acquisition of Kingfood in April 28, 2023.