M&A
confidence high
sentiment neutral
materiality 0.40
ZW Data Action Tech subsidiary to acquire 8% stake in Margo Asia for $600K in cash and stock
ZW Data Action Technologies Inc.
- CNET Technology Ltd, unit of ZW Data, to acquire 8% of Margo Asia for $474K cash and 180K shares ($126K).
- Margo Asia, via subsidiary GOIHL, provides project management for renewable energy projects in Asia.
- Closing subject to customary conditions; $120K deposit paid immediately, credited at closing.
- Deal expands ZW Data's presence in renewable energy project management.