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ZKIN - ZK International Co News Story

$4.44 -0.0  -0.7%

Last Trade - 17/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £80.3m
Enterprise Value £90.6m
Revenue £61.6m
Position in Universe 5053rd / 6846

BRIEF-ZK International Enters iGaming With Series A Investment Up To $50 Mln

Mon 5th April, 2021 1:35pm
April 5 (Reuters) - ZK International Group Co Ltd  ZKIN.O :
    * ZK INTERNATIONAL ENTERS IGAMING WITH SERIES A INVESTMENT
UP TO
$50 MILLION IN CAROUSEL GROUP TO LAUNCH MAXIMBET
    * ZK INTERNATIONAL GROUP CO LTD - LED A $50 MILLION SERIES A
FUNDING ROUND IN CG MALTA HOLDING LIMITED
    * ZK INTERNATIONAL GROUP CO LTD - INVESTMENT IN CGM WILL
TOTAL $50
MILLION THROUGH TWO CLOSINGS
    * ZK INTERNATIONAL GROUP CO LTD - ACQUIRED A 12% INTEREST
FOR
PURCHASE PRICE OF $15 MILLION THROUGH FIRST CLOSING
    * ZK INTERNATIONAL GROUP CO LTD - SECOND CLOSING ANTICIPATED
TO
OCCUR WITHIN Q2, WILL RESULT IN COMPANY ACQUIRING AN ADDITIONAL
13% FOR PURCHASE PRICE OF $35 MILLION
    * ZK INTERNATIONAL GROUP CO LTD - COMPANY WILL OWN A TOTAL
INTEREST OF 25% IN MAXIMBET.

Source text for Eikon:  ID:nPn6y4mvwa 
Further company coverage:  ZKIN.O 

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