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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  PCG Entertainment Plc    PCGE   GI000A1171Y8

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PCG Entertainment : Kolarmy Technology to Acquire 100% Stake in Center Point Development from PCG Entertainment

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01/19/2017 | 09:33am CEST
Deal Type: Acquisition
Deal Sub Type: 100% Acquisition
Deal Status: Announced
Deal Value: 0.0000 Million USD

Deal in Brief

A consortium of existing shareholders in PCG Entertainment Plc including Kolarmy Technology, Inc. have agreed to acquire 100% stake in Center Point Development Corp., a US-based distributor of online games software, from PCG Entertainment, a UK-based gaming and media distribution company. The consideration for the transaction will be the proceeds of the sale of 399,815,438 ordinary shares owned by the shareholders. Based on the closing price of PCG’s common stock, the consideration is valued at GBP0.62 million (USD0.76 million).

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Managers
NameTitle
Richard O'Dell Poulden Chairman
Jack Sun Chief Operating Officer-Asia
Alan David Gravett Secretary & Non-Executive Director
Michael Raymond Mainelli Non-Executive Director
Lei Xuleai Xu Vice President
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