Brief: Midpoint To Acquire Blockchain Technology Company

Banxa Holdings

14/12/2021 22:09

Dec 14 (Reuters) - Midpoint Holdings Ltd  MPT.V :
    * MIDPOINT TO ACQUIRE BLOCKCHAIN TECHNOLOGY COMPANY
    * MIDPOINT HOLDINGS LTD - CONSIDERATION FOR TRANSACTION, CO
PROPOSES TO ISSUE 10 MILLION COMMON SHARES TO EXISTING
SHAREHOLDERS OF BWL
    * MIDPOINT HOLDINGS LTD - BELIEVES THERE IS OPPORTUNITY TO
CAPTURE
SYNERGIES BETWEEN EXISTING FOREIGN EXCHANGE PLATFORM AND
BLOCKCHAIN BUSINESS OF BWL
    * MIDPOINT - DOES NOT EXPECT TO ASSUME ANY MATERIAL
LIABILITIES IN
CONNECTION WITH CLOSING OF DEAL
    * MIDPOINT - DOES NOT EXPECT TO DEVOTE MAJORITY OF WORKING
CAPITAL
OR RESOURCES TO DEVELOPMENT OF BWL IN CONNECTION WITH CLOSING OF
DEAL

Source text for Eikon:  ID:nGNX95JQ3T 
Further company coverage:  MPT.V 

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