Brief: Automated Systems Holdings Announces Proposed Spin-Off And Separate Listing Of Grid Dynamics International

Automated Systems Holdings

13/11/2019 15:03

Nov 13 (Reuters) - Automated Systems Holdings Ltd  0771.HK :
    * ANNOUNCES PROPOSED SPIN-OFF AND SEPARATE LISTING OF GRID
DYNAMICS INTERNATIONAL, INC.
    * MERGER AGREEMENT INVOLVES ACQUISITION OF GDI BY CHASERG
    * CO VIA UNIT WILL BE ENTITLED TO GET CASH CONSIDERATION OF
ABOUT
$93.6 MILLION
    * CO VIA UNIT WILL GET CONSIDERATION SHARES OF ABOUT 34%
ISSUED
SHARE CAPITAL OF CHASERG UPON COMPLETION
    * GRID DYNAMICS INTERNATIONAL, INC TO BE SEPARATELY LISTED
ON
NASDAQ

Source text for Eikon:  ID:nHKS8W3M7g 
Further company coverage:  0771.HK 

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