Digicann agrees proposed reverse takeover of Winning Asia
Digicann Ventures said it signed a binding share-exchange agreement on 4 November to acquire all of Winning Asia Technology Macau, in a proposed reverse takeover. The deal remains subject to approval by Digicann shareholders and the Canadian Securities Exchange; former Winning Asia shareholders and related service providers would hold 83% of the resulting company’s shares.
Investors must account for pending shareholder and exchange approvals and the resulting company’s concentrated ownership.