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BRIEF-Wecast Network says, on June 30, entered into securities purchase agreement with BT Capital Global
July 7, 2017 / 8:15 PM / 5 months ago

BRIEF-Wecast Network says, on June 30, entered into securities purchase agreement with BT Capital Global

July 7 (Reuters) - Wecast Network Inc:

* Wecast Network says on June 30 entered into securities purchase agreement with BT Capital Global Limited, a British Virgin Islands Company - sec filing

* Wecast Network - as per agreement, issued & outstanding stock that co holds in three separate non-core assets were sold to BT in exchange for rmb100 million

* Wecast Network - rmb100 million is in a combination of cash and publicly traded stock to be paid to wecast within one year of closing agreement

* Minimum of 20% of total consideration to wecast will be paid in cash Source text (bit.ly/2tzhRCx) Further company coverage:

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