May 26, 2017 / 12:45 PM / 2 months ago

BRIEF-Cheetah Mobile invests in robotics business

1 Min Read

May 26 (Reuters) - Cheetah Mobile Inc

* Cheetah Mobile Inc - unit of co entered into a capital injection agreement with Beijing Orionstar Technology Co., Ltd.

* Cheetah Mobile - Beijing security agreed to subscribe to newly issued equity interest in Beijing Orionstar for consideration of about $40 million in cash

* Cheetah Mobile - Pingtan Dingfu, Kangyuan Heart agreed to subscribe to newly issued equity interest in Beijing Orionstar for about $0.4 million, $0.35 million

* Cheetah Mobile Inc says upon completion of transaction, Beijing security is expected to hold 29.55% of equity interest in Beijing Orionstar Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below