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POINT INC to Change to Holding Company Structure; to Fully Acquire Trinity Arts and Natural Nine Holdings through Stock Swap; to Change Company Name


Thursday, 4 Apr 2013 02:30am EDT 

POINT INC announced that it has decided to change to holding company structure. POINT has established a wholly owned subsidiary (new Point) on April 4, 2013. The Company will transfer all of its business to the subsidiary and become a holding company. The holding company will fully acquire Natural Nine Holdings through stock swap, effective June 4, 2013. One Natural Nine Holdings share can be exchanged to 13.8 shares of the holding company. The holding company will also fully acquire Trinity Arts through stock swap, effective September 1, 2013. One Trinity Arts share can be exchanged to 133.4 shares of the holding company. After the acquisition, the holding company will change name to Adastria Holdings Co., Ltd., effective September 1, 2013. 

Company Quote

2469.0
46.0 +1.90%
24 Oct 2014