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Stock impact report

LightInTheBox Announces Closing of Ezbuy Strategic Acquisition

LightInTheBox Holding Co., Ltd. American Depositary Shares, each representing 2 ordinary shares (LITB) 
Last lightinthebox holding co., ltd. american depositary shares, each representing 2 ordinary shares earnings: 6/15 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lightinthebox.com
Company Research Source: PR Newswire
BEIJING, Dec. 10, 2018 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced the closing of its strategic acquisition of a 100% equity stake in Ezbuy Holding Co., Ltd. ("Ezbuy"), a Singapore-based leading cross-border e-commerce platform. The signing of the transaction was previously announced on November 8, 2018.As a result of the transaction, the Company's Board of Directors appointed Mr. Jian He as Chief Executive Officer and Director, Mr. Meng Lian as Director, and Mr. Zhiping Qi as Vice Chairman of the Board on November 16, 2018.Mr. Jian He, Chief Executive Officer of LightInTheBox, commented, "We are thrilled to have closed this significant acquisition of Ezbuy as we begin working to jointly realize major strategic business synergies. We hit the ground running and are devoting substantial resource towards enhancing the user expe Show less Read more
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