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BRIEF-Wecast Network says entered into equity agreement with Shanghai Pulse Consulting Co Ltd -SEC filing
April 6, 2017 / 8:32 PM / 4 months ago

BRIEF-Wecast Network says entered into equity agreement with Shanghai Pulse Consulting Co Ltd -SEC filing

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April 6 (Reuters) - Wecast Network Inc

* Wecast Network- on March 31, co through PRC unit entered into equity agreement with Shanghai Pulse Consulting Co Ltd - SEC filing

* Wecast Network - pursuant to agreement, SVG WFOE sold, at cost, its entire 5.88 pct equity stake in Guizhou Sun Seven Stars Technology Trading Platform Ltd

* Wecast Network - will not recognize any profit or loss on transaction to sell equity stake in Guizhou Sun Seven Stars Technology Trading Platform Ltd

* Wecast Network - will still have access to RMB 80 million that was previously raised for GZ for purpose of cost reimbursement and other uses - SEC filing Source text: (bit.ly/2nIAhMr) Further company coverage:

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