March 7, 2018 / 9:04 AM / 5 months ago

BRIEF-Bagir Group ‍Signed Share Purchase Agreement With Shangdong Ruyi Technology

March 7 (Reuters) - Bagir Group Ltd:

* ‍SIGNED SHARE PURCHASE AGREEMENT WITH SHANGDONG RUYI TECHNOLOGY GROUP LTD​

* ‍PROPOSED INVESTMENT OF $16.5M TO ACQUIRE C.54% OF COMPANY’S ENLARGED ISSUED SHARE CAPITAL.​

* ‍REVENUES OF $51.1 MILLION IN 2017, IN LINE WITH REVISED EXPECTATIONS (2016: $64.1M).​

* ‍EBITDA & ADJUSTED EBITDA OF $1.5 MILLION AND $0.6 MILLION RESPECTIVELY IN 2017, IN LINE WITH REVISED EXPECTATIONS (2016: EBITDA $1.6MLN)​ Source text for Eikon: Further company coverage:

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