BIT Mining completes cash offer for Loto Interactive shares

BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining enterprise, today announced that it has completed its cash offer previously announced on March 31, 2021.

BIT acquires at HK$0.75 per share, all the shares in issue of Loto Interactive Limited, (HKEX: 08198) (“Loto Interactive”) other than those already owned or agreed to be acquired by the Company and its parties acting in concert, pursuant to Rule 26.1 of the Hong Kong Code on Takeovers and Mergers (the “Share Offer”).

Also its cash offer for the cancellation of all options of Loto Interactive in accordance with Rule 13.5 of the Hong Kong Code on Takeovers and Mergers (the “Option Offer”).

Upon closing of such cash offer, the Company acquired a total of 30,642,534 shares under the Share Offer, and a total of 6,800,000 options under the Option Offer, which will be cancelled. The Company’s ownership in Loto Interactive will increase to 59.8% accordingly.

For further details of the results and settlement of the cash offer, as well as the public float of Loto Interactive, please refer to the joint announcement made by the Company and Loto Interactive on the website of The Stock Exchange of Hong Kong Limited on June 18, 2021. BIT Mining.

SOURCE: PRNewswire