Brief: Iao Kun Group to acquire majority interest in Guangzhou Liniu Network Technology

Liniu Technology

07/02/2017 14:00

Feb 7 (Reuters) - Iao Kun Group Holding Co Ltd  IKGH.O  
    * Iao Kun Group Holding Company Limited to acquire majority 
interest in Guangzhou Liniu Network Technology Co. Ltd. 
    * Iao Kun Group Holding Co Ltd - IKGH announced today that 
it has entered into an agreement to acquire 51 pct of Jia-Heng 
Industrial Ltd. 
    * Iao Kun Group Holding Co Ltd - IKGH will issue 12.484 
million ordinary shares upon transaction's closing 
    * Iao Kun Group Holding Co Ltd - IKGH will also issue cash 
consideration that is contingent upon Liniu Network achieving 
after-tax income targets 
 
Source text for Eikon:  ID:nBw27vbDDa  
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