Wecast to purchase 51 pct of Nextgen Exchange Group [Reuters]
WECAST NETWORK INC (WCST)
US:NASDAQ Investor Relations:
corporate.wecastnetworkinc.com
Company Research
Source: Reuters
9:03am EDT June 12 (Reuters) - Wecast Network Inc ::Wecast to purchase 51% of Nextgen Exchange Group.Wecast Network Inc - WCST will pay no monetary or stock consideration for acquisition.Wecast Network Inc - will buy 51% of outstanding capital shares in Nextgen Exchange Group from seller, Redrock Capital Group Limited and owned co.Wecast Network Inc - ?seller has entered into a separate agreement with Delaware board of trade holdings?.Wecast Network Inc - ?seller will transfer 5% of total issued and outstanding stock of Nextgen to DBOT?.Wecast Network Inc- John Wallace will serve as executive chairman of Nextgen.Wecast Network Inc - digital currency based products and index product trading is expected to begin in second half of 2017.
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