Brief: Biolidics Ltd To Acquire Shenzhen Xiaozhao Network Technology

Embracing Future Holdings

24/07/2024 16:13

July 24 (Reuters) - Biolidics Ltd  BIOL.SI :
    * ENTERED INTO A CONDITIONAL SALE AND PURCHASE AGREEMENT
WITH
DREAMSGAME
    * DEAL FOR ACQUISITION OF 100% REGISTERED CAPITA OF SHENZHEN
XIAOZHAO NETWORK TECHNOLOGY
    * ENTERED INTO LOAN AGREEMENT WITH CHAIRMAN FOR S$1.5
MILLION LOAN
    * TO ALLOT AND ISSUE 407 MILLION NEW SHARES TO INDIVIDUAL TO
RAISE
GROSS S$1.6 MILLION
    * TOTAL CONSIDERATION FOR PURCHASE OF STAKE IN SHENZHEN
XIAOZHAO
NETWORK TECHNOLOGY S$4.1 MILLION


Further company coverage:  BIOL.SI 

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