Brief: Loto Interactive's Unit And Bee Computing (HK) Entered Agreement To Form JV Co

Crypto Flow Technology

23/01/2020 10:35

Jan 23 (Reuters) - Loto Interactive Ltd  8198.HK :
    * UNIT AND BEE COMPUTING (HK)  ENTERED AGREEMENT TO FORM JV
CO
    * PARTNER TO CONTRIBUTE US$1.922 MILLION IN FORM OF
CONTRIBUTION
OF TECHNOLOGY
    * JV CO TO HAVE TOTAL SHARE CAPITAL OF US$3.922 MILLION
    * PURSUANT TO JV AGREEMENT, JV COMPANY WILL HAVE A TOTAL
SHARE
CAPITAL OF US$3.922 MILLION
    * JV PARTNER WILL CONTRIBUTE TOTAL $1.922 MILLION IN FORM OF
CONTRIBUTION OF TECHNOLOGY
    * JV CO PROPOSED TO ENGAGED IN DEVELOPMENT AND OPERATION OF
BLOCKCHAIN SUPERCOMPUTING PROJECT
    * UNIT TO CONTRIBUTE US$2 MILLION CASH WHICH WILL BE FUNDED
BY
GROUP'S INTERNAL RESOURCES

Source text for Eikon:  ID:nHKS7V6X0Y 
Further company coverage:  8198.HK 

 ((Reuters.Briefs@thomsonreuters.com;))