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500.com to Acquire Majority Stake in Loto Interactive

500.com to Acquire Majority Stake in Loto Interactive
500.com to Acquire Majority Stake in Loto InteractiveReading Time: < 1 minute

 

500.com Limited has announced that it has entered into an agreement to acquire a majority stake in Loto Interactive Limited. 500.com will acquire 169,354,839 Loto Interactive shares for HK$105m (US$13.5m).

The Company currently owns approximately 33.7% of the issued share capital of Loto Interactive. Upon completion of the acquisition, the Company expects to own approximately 54.2% of the issued share capital of Loto Interactive and Loto Interactive is expected to become a subsidiary of the Company.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 500.com to Acquire Majority Stake in Loto Interactive

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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