iClick Interactive Asia plans to sell its demand side marketing business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 11 2024
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Business Sale Announcement: iClick Interactive Asia Group has agreed to sell its demand side marketing solutions business in mainland China to SiAct for RMB1M, as part of a strategy to scale down lower-margin and higher-risk operations amid a slowing advertising market post-COVID-19.
Financial Support and Conditions: The company will provide a RMB20M loan to the disposed business during the transition and is responsible for repaying approximately $35.0M in outstanding loans from three banks, with the sale pending shareholder approval.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
