Intchains Group Ltd V.ICG

Primary Symbol: ICG

Technology Semiconductors

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.

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Intchains Group Ltd > Halt

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Comment by wwadehammeron May 16, 2016 11:22am

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Post# 24876901

RE:RE:Halt

Transaction will not close until 3rd or 4th quarter and is in U.S. dollaors. So near the end of the year, Eldorado will have $1.17 billion Canadian available at todays exchange rate. Eldorado only needs to buy 80 percent of Integra so assuming they go at $1,50 per share thats 400 million shares times $1.50 or $600 million Canadian. Eldorado will have more than enough money if it to buy Integra.

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