Brief: AGBA Acquisition Ltd Entered Into A Non-Binding Term Sheet For A Potential Acquisition Of The Platform Business Of Convoy

Triller

27/11/2020 13:33

Nov 27 (Reuters) - AGBA Acquisition Ltd  AGBA.O :
    * AGBA ACQUISITION LIMITED ENTERED INTO A NON-BINDING TERM
SHEET
FOR A POTENTIAL ACQUISITION OF THE PLATFORM BUSINESS OF CONVOY
    * AGBA ACQUISITION LTD - AGBA WILL ACQUIRE FROM CONVOY 100%
OF
PLATFORM BUSINESS AND TAKE A 30% SHAREHOLDING IN IFA BUSINESS
    * AGBA ACQUISITION LTD - DEAL FOR AGGREGATE CONSIDERATION OF
APPROXIMATELY US$400 MILLION
    * AGBA ACQUISITION LTD - AGBA PLANS TO REMAIN NASDAQ-LISTED
AND
TRADE UNDER A NEW TICKER SYMBOL

Source text for Eikon:  ID:nPn6tcfmda 
Further company coverage:  AGBA.O 

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