It will sell a 98.59 percent stake in Grindr to San Vicente Acquisition, a holding company based in the US state of Delaware, according to a company filing with the Shenzhen Stock Exchange on Friday.

The deal is awaiting approval from a US committee authorized to review transactions involving foreign investments, the filing said.

Grindr has faced other accusations of improperly managing the data under Beijing Kunlun’s ownership.

The platform violated European Union privacy regulations by sharing the GPS data, age and gender of its users with third-party companies to help target advertisements, according to a report by a Norwegian consumer rights group.