YuuZoo Corp. completed the acquisition of Infocomm Asia Holdings Pte. Ltd. from a group of sellers.
As on December 1, 2014, YuuZoo Corporation announces that the long-stop date of the acquisition shall fall three months from the date of exercise of the call option or the put option. Given that Infocomm Asia Holdings vendors have exercised the call option on September 1, 2014, the long-stop date falls on November 30, 2014. The Board wishes to announce that notwithstanding the expiry of the Long-Stop Date, the Company remains committed to the IAH Acquisition and is in the midst of finalizing the definitive supplemental agreement to the put and call option agreement with the IAH Vendors. On December 31, 2015, the terms of the transaction were revised. YuuZoo will acquire 30% stake in Infocomm Asia Holdings and issue 15 million shares as consideration.
Romil Singh and Jonathan Theo of Financial PR Pte Ltd acted as public relations advisor for YuuZoo Corp.
YuuZoo Corp. completed the acquisition of Infocomm Asia Holdings Pte. Ltd. from a group of sellers on January 18, 2016.