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5EK - SinoCloud News Story

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Sector
Technology
Size
Micro Cap
Market Cap £8.63m
Enterprise Value £16.2m
Revenue £1.93m
Position in Universe 5772nd / 6085

BRIEF-Sinocloud Group clarifies statement in article published in The Straits Times

Wed 2nd August, 2017 7:38am
Aug 2 (Reuters) - Sinocloud Group Ltd  SINL.SI : 
    * Refers to article published in The Straits Times on 2 
August 2017, titled "Market Highlights" 
    * Statement stating "Sinocloud Group has also issued 3.39 
billion new shares to investors who have taken a 19 percent 
stake in company" is inaccurate 
    * Clarifies statement is inaccurate as issuance of 3.39 
billion new shares was in relation to acquisition of 19% 
interest in unit Sinocloud 01 Ltd 
 
Source text for Eikon:  ID:nSNZ5dvBgf  
Further company coverage:  SINL.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))
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