Brief: KBS Fashion Intends To Acquire A Greece Based Private Smart Tech Apparel Company

JX Luxventure

19/02/2019 14:39

Feb 19 (Reuters) - KBS Fashion Group Ltd  KBSF.O :
    * KBS FASHION GROUP ANNOUNCES LETTER OF INTENT TO ACQUIRE A
GREECE
BASED PRIVATE SMART TECH APPAREL COMPANY
    * KBS WILL FIRST ACQUIRE 20% OF EQUITY INTERESTS IN TRIBE
    * BOARD OF DIRECTORS OF TRIBE WILL HAVE AT LEAST ONE MEMBER
NOMINATED BY KBS ONCE ACQUISITION IS COMPLETED
    * KBS IS ALSO ENTITLED TO ACQUIRE ADDITIONAL EQUITY
INTERESTS IN
TRIBE
    * KBS WILL HAVE RIGHT OF FIRST REFUSAL ON PARTICIPATING IN
TRIBE'S
FUTURE CAPITAL RAISE

Source text for Eikon:  ID:nPnbt4QVHa 
Further company coverage:  KBSF.O 

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