Baijiayun Group Ltd completed the acquisition of the remaining 49% of Beijing Deran Technology Co., Ltd from certain shareholders.
Baijiayun Group Ltd (NasdaqCM:RTC) completed the acquisition of the remaining 49% of Beijing Deran Technology Co., Ltd from certain shareholders on June 15, 2023. 127,791 Class A ordinary shares of Baijiayun Group were issued as consideration along with a cash consideration of CNY 3.5 million. Upon closing of the acquisition of the 49% equity interest, Baijiayun Group became the sole shareholder of Beijing Deran.