BRIEF-MKDWELL Tech To Acquire Premium Smart-Home And IoT Group, Diversifying Beyond Automotive Electronics

MKDWELL Tech Inc.

MKDWELL Tech Inc.

MKDW

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July 17 (Reuters) - MKDWELL Tech Inc MKDW.O:

  • MKDWELL TECH INC. TO ACQUIRE PREMIUM SMART-HOME AND IOT GROUP, DIVERSIFYING BEYOND AUTOMOTIVE ELECTRONICS

  • MKDWELL TECH - DEAL VALUED AT $240 MILLION VIA 30 MILLION NEW SHARES AT $8 PER SHARE

  • MKDWELL TECH - NEW SHARES TO REPRESENT 87.72% OF ENLARGED ISSUED ORDINARY SHARES UPON COMPLETION

  • MKDWELL TECH - ACQUISITION TO BE SATISFIED ENTIRELY THROUGH ISSUANCE OF NEW SHARES

Source text: ID:nGNX1Cs3QB

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