Brief: Taop Signs Loi To Acquire Majority Ownership Of Fujian Taoping Iot Technology Limited

Taoping

17/02/2022 13:46

Feb 17 (Reuters) - Taoping Inc  TAOP.O :
    * TAOP SIGNS LOI TO ACQUIRE MAJORITY OWNERSHIP OF FUJIAN
TAOPING
IOT TECHNOLOGY LIMITED
    * TAOPING INC - ENTERED INTO A LOI WITH SHAREHOLDERS OF
FUJIAN
TAOPING TO ACQUIRE AT LEAST 51% OF OWNERSHIP OF FUJIAN TAOPING
    * TAOPING INC- PURSUANT TO LOI, PURCHASE PRICE WILL BE PAID
IN
FORM OF ORDINARY SHARES OF TAOP
    * TAOPING INC- LOI WILL BE AUTOMATICALLY TERMINATED IF NO
DEFINITIVE AGREEMENTS ARE ENTERED INTO AMONG PARTIES BEFORE
DECEMBER 31, 2022
    * TAOPING - AFTER CLOSE, FUJIAN TAOPING IS EXPECTED TO
BECOME A
PART OF TAOPING DIGITAL CULTURE EAST CHINA OPERATION CENTER

Source text for Eikon:  ID:nGNX7mzCT7 
Further company coverage:  TAOP.O 

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