DirectBooking terminates China Wangmao 49% stake deal, seeks return of US$ 12.7 million with 5.25% interest
ZDAI•DirectBooking ends China Wangmao stake purchase agreement
- DirectBooking Technology canceled the securities purchase agreement to acquire a 49% stake in China Wangmao Liquor Industry Group.
- The transaction, valued at about US$ 12.7 million, was paid in December 2025, but the China Wangmao shares were never received.
- The company sent a written notice of termination on 11 August 2026.
- China Wangmao will pay 5.25% annual interest on the purchase funds for the period the funds were held.
