Brief: Asia Innovations To Become A Publicly Listed Company Through Merger With Magnum Opus Acquisition
30/09/2022 10:15
Sept 30 (Reuters) - Magnum Opus Acquisition Ltd OPA.N :
* ASIA INNOVATIONS GROUP, LEADING MOBILE SOCIAL PLATFORM IN
EMERGING MARKETS, TO BECOME A PUBLICLY LISTED COMPANY THROUGH
MERGER WITH MAGNUM OPUS ACQUISITION LIMITED
* ASIA INNOVATIONS GROUP- PROPOSED BUSINESS COMBINATION
TRANSACTION PROVIDES FOR AN EQUITY VALUATION OF $2.5 BILLION FOR
COMBINED COMPANY
* ASIA INNOVATIONS-ESTIMATED GROSS TRANSACTION PROCEEDS
EXPECTED
TO BE $200 MILLION IN CASH FROM OPA'S IPO PROCEEDS HELD IN TRUST
* ASIA INNOVATIONS - ASIG'S ORDINARY SHARES ARE EXPECTED TO
BE
LISTED UNDER PROPOSED NEW TICKER SYMBOL "ASIG"
* ASIA INNOVATIONS - COMBINED CO WILL BE NAMED "ASIA
INNOVATIONS
GROUP LIMITED" UPON COMPLETION
Source text for Eikon: ID:nPn56PMQda
Further company coverage: OPA.N
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