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Xinhua Holdings Ltd (9399.T)

9399.T on Tokyo Stock Exchange

18 Aug 2017
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¥-8 (-3.92%)
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Wed, Aug 2 2017

BRIEF-Xinhua Holdings unit to acquire stake in Activate Interactive Pte for 55 mln yen and signs license agreement

* Says unit, Xinhua Mobile Limited will acquire 115,000 shares of Activate Interactive Pte Ltd for 55 million yen and raise voting power to 43 percent from 20 percent, effective Aug. 16

BRIEF-Xinhua Holdings' CEO to transfer shares of Activate Interactive Pte to unit

* Says its wholly owned unit Xinhua Mobile Limited will pay $3 to CEO of the co, to acquire 20 percent stake in Activate Interactive and options

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