Brief: Axington Proposes Acquisition Of 60% Satke In Veivo Web Technology

Serial Achieva

08/07/2021 12:34

July 8 (Reuters) - Axington Inc  AXIN.SI :
    * PROPOSED ACQUISITION OF 60% EQUITY INTEREST IN VEIVO WEB
TECHNOLOGY LIMITED
    * CONSIDERATION FOR PROPOSED ACQUISITION EXPECTED TO BE
ABOUT
S$405 MILLION
    * CONSIDERATION SHALL BE SATISFIED BY ALLOTMENT AND ISSUANCE
OF
SUCH NUMBER OF NEW SHARES IN ISSUED SHARE CAPITAL OF CO TO
VENDOR
    * ISSUANCE OF NEW SHARES AT PRICE OF NO LESS THAN S$0.19 PER
SHARE

Source text for Eikon:  ID:nSN2HcMk8 
Further company coverage:  AXIN.SI 

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