Asia
Beijing Career International Unit to Fully Acquire U.K.-Based Managed Services Provider
Beijing Career International (SHE:300662) said U.K. subsidiary Investigo will acquire the remaining 30% equity in Caraffi for about 16.5 million pounds sterling.The deal uses a fixed payment plus earn-out mechanism tied to Caraffi's operating profits through 2030, according to a Friday filing with the Shenzhen bourse.Upon completion, Investigo will fully hold the voting and capital rights in the U.K.-based managed services provider.Shares of the human resources company closed 1% higher Friday.
SHE:300662
