Brief: Xinhua Holdings unit to acquire stake in Activate Interactive Pte for 55 mln yen and signs license agreement

Beat Holdings

03/08/2017 03:18

Aug 3 (Reuters) - Xinhua Holdings Ltd  9399.T   
     
     
    * Says unit, Xinhua Mobile Limited will acquire 115,000 
shares of Activate Interactive Pte Ltd for 55 million yen and 
raise voting power to 43 percent from 20 percent, effective Aug. 
16  
    * Says unit signs license agreement relate to products, 
service and intellectual property right of Activate Interactive 
Pte Ltd and receives exclusive rights to sell products of 
Activate Interactive Pte Ltd in Hong Kong and China  
     
     
    Source text in Japanese:https://goo.gl/HP9AVu 
    Further company coverage: 9399.T  
 
 (Beijing Headline News) 
 ((Beijing.HeadlineNews@thomsonreuters.com; +8601082555111; 
Reuters Messaging: Pingping.Li1@thomsonreuters.com@reuters.net))