M&A
confidence high
sentiment neutral
materiality 0.50
ZW Data Action corrects consideration in 8% Margo Asia acquisition; total $600K
ZW Data Action Technologies Inc.
- Acquired 8% equity in MARGO ASIA LIMITED for $384K cash + 180K shares of CNET common stock valued at $1.20/share ($216K).
- Margo Asia, through subsidiary GOIHL, provides project management services for renewable energy projects in Asia.
- Amendment corrects prior 8-K that had incorrect aggregate cash and share consideration amounts.
- Closing subject to customary conditions; deposit of $120K (20% of purchase price) paid.