Brief: Guardforce AI To Acquire Eight Companies In China
24/05/2022 12:42
May 24 (Reuters) - Guardforce AI Co Ltd GFAI.O :
* GUARDFORCE AI ANNOUNCES DEFINITIVE AGREEMENTS TO ACQUIRE
EIGHT
COMPANIES IN CHINA
* GUARDFORCE AI CO LTD- ENTERED INTO TWO DEFINITIVE
AGREEMENTS TO
ACQUIRE A TOTAL OF EIGHT COMPANIES IN CHINA
* GUARDFORCE AI CO LTD - TOTAL DEAL VALUE OF BOTH
ACQUISITIONS OF
US $30 MILLION
* GUARDFORCE AI CO- DEAL WILL BE PAID IN COMBINATION OF CASH
(10%)
& RESTRICTED ORDINARY SHARES OF CO (90%) AT PREVIOUSLY AGREED
PRICE OF $2.00/SHARE
Source text for Eikon: ID:nGNX1CwPw0
Further company coverage: GFAI.O
((Reuters.Briefs@thomsonreuters.com;))
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