Brief: Guardforce AI Announces LOI To Acquire Shenzhen Kewei Robot Technology Company, A Premier Robotics Technology Company In China
13/09/2022 12:03
Sept 13 (Reuters) - Guardforce AI Co Ltd GFAI.O :
* GUARDFORCE AI ANNOUNCES LOI TO ACQUIRE SHENZHEN KEWEI
ROBOT
TECHNOLOGY COMPANY LIMITED, A PREMIER ROBOTICS TECHNOLOGY
COMPANY IN CHINA
* GUARDFORCE AI - PLANS TO PAY FOR ACQUISITION THROUGH
COMBINATION
OF CASH (10%) & RESTRICTED COMMON STOCK OF CO (90%) AT VALUE OF
NO LESS THAN $1/SHARE
* GUARDFORCE AI CO LTD - EXPECTS TO ENTER INTO A DEFINITIVE
PURCHASE AGREEMENT WITH KEWEI RELATING TO ACQUISITION WITHIN
NEXT FEW MONTHS
Source text for Eikon: ID:nGNX1KgPm2
Further company coverage: GFAI.O
((Reuters.Briefs@thomsonreuters.com;))
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