Brief: Noco-Noco To Acquire X-Sepa Separator And Lithium-Ion Battery Development Company Noco-Tech

noco-noco

23/10/2023 13:13

Oct 23 (Reuters) - noco-noco Inc  NCNC.O :
    * NOCO-NOCO TO ACQUIRE X-SEPA™ SEPARATOR AND LITHIUM-ION
BATTERY
DEVELOPMENT COMPANY NOCO-TECH
    * NOCO-NOCO INC - UNDER TERMS OF TRANSACTION, NOCO-NOCO WILL
ISSUE
UP TO TWENTY-FIVE MILLION NEW SHARES AT US$2 PER SHARE TO FUND
ACQUISITION
    * NOCO-NOCO INC - UNDER TERMS OF TRANSACTION, NOCO-NOCO WILL
ISSUE
UP TO TWENTY-FIVE MILLION NEW SHARES AT US$2 PER SHARE TO FUND
ACQUISITION
    * NOCO-NOCO INC - CO THROUGH ITS SINGAPORE SUBSIDIARY,
NOCO-NOCO
PTE. LTD. HAS ENTERED INTO A SALES AND PURCHASE AGREEMENT TO
ACQUIRE NOCO-TECH INC
    * NOCO-NOCO: ACQUISITION IS EXPECTED TO BE ACCRETIVE TO
NOCO-NOCO'S EPS ONCE DELIVERIES START
    * NOCO-NOCO INC - AGREEMENT INCLUDES AN INDEFINITE LICENSE
TO
PRODUCE AND MARKET X-SEPA™ SEPARATOR TECHNOLOGY DEVELOPED BY
3DOM
    * NOCO-NOCO INC: EXPECT TO START MASS PRODUCTION BY Q4 OF
2024,
AND DELIVERIES BY FOLLOWING QUARTER

Source text for Eikon:  ID:nGNX7HmzD0 
Further company coverage:  NCNC.O 

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