Ya-ni announces acquisition of a software development company equity

Ya Tian ni (0.14 +0.00%) (00789) announced that the company as a buyer after the close of April 13, 2016, with the seller (stand Charm, Dragon Max), the guarantor entered into a purchase agreement, accordingly, The buyer has the condition to agree to the purchase and the seller has the condition to agree to sell all the shares of the target company, the transaction amount is HK $160 million, traded in cash.
It is reported that the target company is mainly engaged in the development and sale of enterprises may purchase to promote their products and services e-commerce software-related applications; stand charm and Dragon Max hold 94% and 6% per cent respectively.
At the same time, the company has entered into a subscription agreement with the subscribers by issuing 2.44 billion shares to the subscribers, with a share price of HK $0.074, raising the amount of HK $180.56 million. After the completion of the subscription agreement, the subscribers and their co-ops have increased their voting rights from 42.81% to 70.66%. This amount is mainly used for this acquisition.
According to the latest information, the company intends to raise funds by issuing shares to complete the acquisition faced with continued delay.

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Ya-ni announces acquisition of a software development company equity