Brief: Ayala Corp Establishes JV Among AC, 917Ventures And Gogoro Network

Gogoro

25/08/2023 02:36

Aug 25 (Reuters) - Ayala Corp  AC.PS :
    * ESTABLISHMENT OF JOINT VENTURE AMONG AC, 917VENTURES AND
GOGORO
NETWORK PTE
    * ENTERED SUBSCRIPTION DEAL TO SUBSCRIBE TO 42 MILLION
COMMON
SHARES OF GOGORO PH
    * PARTIES TO INFUSE AGGREGATE AMOUNT OF $8.5 MILLION INTO
GOGORO
PH UPON DEAL CLOSE
    * PARTIES, THROUGH GOGORO PH, SHALL UNDERTAKE IMPORTATION,
AMONG
OTHERS  OF TWO-WHEELED ELECTRIC SCOOTERS WITH BATTERY SWAP
TECHNOLOGY
    * GOGORO SG SHALL OWN 30% OF GOGORO PH
    * 917VENTURES SHALL OWN 49% STAKE IN GOGORO PH

Source text for Eikon:  ID:nPSX5sTDyt 
Further company coverage:  AC.PS 

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