MultiMetaVerse Holdings Limited (NasdaqGM:MMV) signed an agreement to acquire Shanghai Shengran Information Technology Co., Ltd from Orient TM Parent Limited for CNY 560 million on September 15, 2023. As of June 30, 2023, Shanghai Shengran Information Technology reported total unaudited revenue of CNY 300 million and unaudited EBITDA of CNY 120 million. Fangda Partners acted as legal advisor, Deloitte Consulting (Shanghai) Co., Ltd. acted as financial advisor and Deloitte Touche Tohmatsu Certified Public Accountants LLP acted as accountant to MultiMetaVerse Holdings Limited.

MultiMetaVerse Holdings Limited (NasdaqGM:MMV) completed the acquisition of Shanghai Shengran Information Technology Co., Ltd from Orient TM Parent Limited on November 29, 2023.