Zinzino AB logo

ZZ B - Zinzino AB News Story

SEK70 -2.6  -3.6%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £196.9m
Enterprise Value £188.5m
Revenue £91.5m
Position in Universe 712th / 1832

BRIEF-Zinzino Expands In Asia

Mon 6th April, 2020 4:03pm
April 6 (Reuters) - Zinzino AB  ZZb.ST :
    * ZINZINO AB (PUBL): ZINZINO EXPANDS IN ASIA
    * ZINZINO CONFIRMS ACQUISITION OF COMPANY VMA LIFE FOR AN
EXPANSION IN ASIAN REGION OF SINGAPORE, MALAYSIA, TAIWAN,
THAILAND AND HONG KONG
    * ZINZINO HAS SIGNED A FINAL ACQUISITION AGREEMENT WITH VMA
LIFE
IN SINGAPORE 6TH OF APRIL 2020
    * ACCORDING TO AGREEMENT, ZINZINO SHALL, WITH ENTRY, PAY A
FIXED
PURCHASE PRICE OF 400.000 USD PAID PARTLY (50%) IN CASH AND
PARTLY (50%) IN NEWLY ISSUED ZINZINO SHARES
    * CONDITIONAL ADDITIONAL PURCHASE PRICES WILL BASE ON SALES
DEVELOPMENTS DURING 2020-2023

Source text for Eikon:  ID:nWkr9r1y5N 
Further company coverage:  ZZb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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