December 19, 2016 / 9:32 PM / a year ago

BRIEF-Origo Acquisition and Aina Le'a agree to business combination

Dec 19 (Reuters) - Origo Acquisition Corp :

* Origo Acquisition - co will merge with and into Aina Le‘a Merger Sub, Inc, a newly formed subsidiary of Aina Le‘a

* Origo - each ordinary share of Origo to convert into common stock of Aina Le‘a at conversion ratio of 0.6 shares of Aina Le‘a for each earnings per share of origo

* Origo Acquisition Corp - management Of Aina Le‘a is not expected to change in connection with business combination

* Origo Acquisition Corp - under deal agreement, equity holders and warrant holders of Origo will become equity holders and warrant holders of Aina Le‘a

* Origo Acquisition Corp - Aina Le‘a’s board will be expanded to seven directors, and will include two directors from origo as independent directors

* Origo Acquisition Corporation and Aina Le‘a Inc agree to business combination Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below