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BRIEF-Xinhua Holdings' CEO to transfer shares of Activate Interactive Pte to unit
June 9, 2017 / 1:38 AM / 2 months ago

BRIEF-Xinhua Holdings' CEO to transfer shares of Activate Interactive Pte to unit

June 8(Reuters) - Xinhua Holdings Ltd

* Says its wholly owned unit Xinhua Mobile Limited will pay $3 to CEO of the co, to acquire 20 percent stake in Activate Interactive and options

* Says unit could hold additional 23 percent stake in Acticate if options exercised and unit has rights to buy new shares of Activate after the transfer

* Says previous plan was disclosed on Dec. 12, 2016

Source text in Japanese: goo.gl/GIymev

Further company coverage: (Beijing Headline News)

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