1. Name and nature of the target: Pinnaclite Technologies, Inc. common shares. 2. Date of occurrence: June 17, 115. 3. Date of board approval: June 17, 115. 4. Transaction quantity and amount: 12,500 shares at USD 1,000 per share, totaling USD 12,500,000. 5. Relationship with the counterparty: A grand-subsidiary 100% owned by the company. 6. Purpose of acquisition: To fund part of the acquisition of the Pingood Group. 7. Funding source: Own funds. 8. Other: After the capital increase, the shareholding ratio remains 100%.

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: PCL Technologies Trading, Inc. / Pinnaclite Technologies, Inc.
  • Dates in source: 115/6/17