Hong Kong, SAR PR of China, March 02, 2023 (pta017/02.03.2023/10:45 UTC+1)
QMD International Holdings Company Limited (JT9; ISIN: VGG3223A1057) today announces a strategic realignment of the company with the acquisition of He Yan Company Limited. He Yan Company Limited's sole asset is an 80% ownership in a data center located in Laos PDR. This property is deployed as a server farm for mining cryptocurrencies. The asset, priced at EUR 20 million, was acquired from a company controlled by Mr. He Yan. The vendor will receive 2 million shares from existing holdings held by the company as investment and EUR 14 million of non-interest bearing, non-demand loan. Upon completion of the acquisition, the Vendor shall become a significant minority shareholder and will appoint Mr. He Yan as its representative to the Board of Directors of QMD.
QMD International Holdings Company Ltd.
Nerine Chambers, P.O. Box 905
VG 1110 Road Town Tortola
Virgin Islands, British
|Contact Person:||Patrick Chan; Chairman & CEO|
|Stock Exchange(s):||Free Market in Munich|