Brief: Intellego Signs Letter Of Intent To Acquire Majority Stake In Feiyang

Intellego Technologies AB

20/05/2022 10:49

May 20 (Reuters) - Intellego Technologies AB  INTE.ST :
    * INTELLEGO SIGNS LETTER OF INTENT TO ACQUIRE MAJORITY STAKE
IN
FEIYANG, ONE OF CHINA'S PLAYERS IN UVC DISINFECTION
    * INTENDS TO ACQUIRE THE MAJORITY OF THE SHARES IN JIANGYIN
FEIYANG INSTRUMENT CO
    * PAYMENT IS SCHEDULED TO BE MADE IN BOTH CASH AND SHARES OF
INTELLEGO
    * FINAL PURCHASE PRICE WILL BE BASED ON FEIYANG ACHIEVING
CERTAIN
GROWTH TARGETS

Source text for Eikon:  ID:nMFNbqH7p7 
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