Brief: Guardforce AI To Acquire 12 Additional Robotics Companies In China
02/06/2022 12:10
June 2 (Reuters) - Guardforce AI Co Ltd GFAI.O :
* GUARDFORCE AI ANNOUNCES LOI TO ACQUIRE TWELVE ADDITIONAL
ROBOTICS COMPANIES IN CHINA
* GUARDFORCE AI CO LTD - TOTAL DEAL VALUE OF TARGET
ACQUISITIONS
IS US $18.0 MILLION
* GUARDFORCE AI CO LTD - ACQUISITION IS EXPECTED TO BE PAID
FOR
WITH A COMBINATION OF CASH (10%) AND RESTRICTED ORDINARY SHARES
OF COMPANY (90%)
Source text for Eikon: ID:nGNXc5Qfwr
Further company coverage: GFAI.O
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