Brief: Logiq Board Approves Plan To Separate AppLogiq And DataLogiq Into Two Publicly Traded Companies
02/11/2021 11:42
Nov 2 (Reuters) - Logiq Inc LGIQ.PK :
* LOGIQ BOARD APPROVES PLAN TO SEPARATE APPLOGIQ AND
DATALOGIQ
INTO TWO PUBLICLY TRADED COMPANIES
* LOGIQ - BASED ON COMPARABLE PUBLIC MARKET VALUATIONS AND
PRIVATE
FUNDING FOR COS, WOULD IMPLY APPLOGIQ'S STANDALONE VALUATION
COULD JUSTIFY $100 MILLION
Source text for Eikon: ID:nGNX6tZjqk
Further company coverage: LGIQ.PK
((Reuters.Briefs@thomsonreuters.com;))
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