share subscription agreement

CYVN Holdings will own approximately 20.1% of Nio’s total issued and outstanding shares after the transaction.

The new subscription agreement will come to a total of $1,172,150.

The consideration amount took into account Nickel Industries’ historical earnings and growth potential.

This will strengthen its financial position, VCPlus directors say.

The amount will be paid in RMB, and will be used to fund the operations of Fengchi IOT Management

As at 9.24am, shares in Emerging Towns & Cities are trading 1.8 cents higher or 75% up at 4.2 cents.

SINGAPORE (June 12): Ezion Holdings has entered into a share subscription agreement with subsidiary AusGroup as part of its plan to capitalise loans of up to A$39.3 million ($40.6 million) for the latter.