DirectBooking Technology (ZDAI) terminates China Wangmao 49% stake deal
Rhea-AI Filing Summary
DirectBooking Technology Co., Ltd. reports that it has terminated a previously agreed acquisition of a minority stake in China Wangmao Liquor Industry Group Co., Limited. The company had entered into a Memorandum of Understanding on August 18, 2025 and, pursuant to it, a securities purchase agreement to acquire 49% of China Wangmao’s total issued shares for a purchase price of approximately US$12.7 million, which was paid in or about December 2025. Because of commercial considerations and unforeseen events, DirectBooking did not receive any China Wangmao shares, and the parties agreed to terminate the purchase agreement. DirectBooking delivered a written termination notice dated August 11, 2026, and China Wangmao agreed, as a goodwill measure, to pay interest on the purchase price at an annual rate of 5.25% for the period it held the funds.
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Key Figures
Planned equity stake: 49% of total issued shares
Purchase price: approximately US$12.7 million
Interest rate on purchase price: 5.25% per annum
+2 more
5 metrics
Planned equity stake
49% of total issued shares
Stake in China Wangmao under the November 11, 2025 securities purchase agreement
Purchase price
approximately US$12.7 million
Amount paid by DirectBooking in or about December 2025 for the planned 49% stake
Interest rate on purchase price
5.25% per annum
Annual interest China Wangmao agreed to pay on the purchase price while holding the funds
MOU date
August 18, 2025
Date of the Memorandum of Understanding that led to the securities purchase agreement
SPA termination notice date
August 11, 2026
Date of DirectBooking’s written notice terminating the securities purchase agreement
Key Terms
Memorandum of Understanding, securities purchase agreement, purchase price, interest on the purchase price
4 terms
Memorandum of Understanding regulatory
"the Company entered into a Memorandum of Understanding (the “MOU”), dated August 18, 2025"
A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.
securities purchase agreement financial
"the Company entered into a securities purchase agreement (the “SPA”) for the purchase of 49%"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
purchase price financial
"The Company paid the purchase price of approximately US$12.7 million in or about December 2025"
The purchase price is the amount of money paid to acquire an asset—such as shares, a business, real estate, or equipment. It matters to investors because it sets the baseline for future profit, loss, taxes and accounting values; think of it like the price you pay for a used car, which determines your potential resale gain or loss. Investors compare purchase price to expected future cash flows and market values to judge whether an investment is a good deal.
interest on the purchase price financial
"China Wangmao has agreed to compensate the Company by paying interest on the purchase price at an annual rate of 5.25%"
FAQ
What did DirectBooking Technology (ZDAI) disclose in this Form 6-K?
DirectBooking Technology Co., Ltd. disclosed that it has terminated its securities purchase agreement to acquire 49% of China Wangmao Liquor Industry Group Co., Limited and agreed related interest compensation terms with China Wangmao.
What stake in China Wangmao was DirectBooking (ZDAI) planning to acquire?
DirectBooking had agreed to purchase 49% of the total issued shares of China Wangmao Liquor Industry Group Co., Limited under a securities purchase agreement entered into on November 11, 2025, following an earlier memorandum of understanding.
What compensation will DirectBooking (ZDAI) receive after terminating the China Wangmao deal?
China Wangmao agreed, in a spirit of goodwill, to pay DirectBooking interest at an annual rate of 5.25% on the approximately US$12.7 million purchase price for the period during which China Wangmao held the funds.
When did DirectBooking (ZDAI) formally terminate the securities purchase agreement?
DirectBooking delivered a written termination notice dated August 11, 2026 to China Wangmao, in accordance with the terms and conditions of the securities purchase agreement governing the proposed 49% stake purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
