GREY:ZMSPF - Post by User
Post by
schelbibbeson Jan 04, 2019 1:53pm
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Post# 29187405
12.5% royalty package provided as part of the Joint Venture
12.5% royalty package provided as part of the Joint Venture“Currently the Company is in the process of issuing 13.33% of shares of ZIC to the investor in exchange of the 12.5% royalty package provided as part of the Joint Venture Agreement. The Company is also in the process of issuing 10% of shares of ZIC to Zecotek Holdings Singapore Pte. Ltd., of which Dr. Zerrouk is a majority shareholder, pursuant to a Share Purchase Agreement in 2006. The Company structure after all the shares have been issued will be as follows.“
I have not found any information about this agreement. it seems that a sell-off takes place against the interests of the shareholders. ^^