Brief: Luokung Technology Corp Announces To Acquire Artificial Intelligence Company

Luokung Technology

13/05/2019 15:20

May 13 (Reuters) - Luokung Technology Corp  LKCO.O :
    * LUOKUNG TECHNOLOGY CORP ANNOUNCES TO ACQUIRE ARTIFICIAL
INTELLIGENCE COMPANY
    * LUOKUNG TECHNOLOGY CORP - SIGNED STOCK PURCHASE AGREEMENT
TO
ACQUIRE 67.36% OF BEIJING BOTBRAIN AI TECHNOLOGY LTD AND
BOTBRAIN AI LIMITED
    * LUOKUNG TECHNOLOGY - 32.64% SHARE EQUITY OF BOTBRAIN WILL
BE
REMAINED BY XUEYU LU, FOUNDER & CEO OF BOTBRAIN, ALONG WITH
BOTBRAIN 'S CORE TEAM MEMBERS
    * LUOKUNG TECHNOLOGY- AFTER THE ACQUISITION, XUEYU LU WILL
CONTINUE AS CEO OF BOTBRAIN AI
    * LUOKUNG TECHNOLOGY- TO INVEST RMB 20 MILLION TO BOTBRAIN,
TO
ISSUE 804,162 SHARES AT $7/SHARE TO FORMER INSTITUTION INVESTORS
OF BOTBRAIN TO GET 67.36%

Source text for Eikon:  urn:newsml:reuters.com:*:nPn4S5jkHa
Further company coverage:  LKCO.O 

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