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Gassillios

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Gassillios

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Monday, 06/12/2017 5:29:05 PM

Monday, June 12, 2017 5:29:05 PM

Post# of 14133
Wecast to Purchase 51% of NextGen Exchange Group

Source: PR Newswire (US)
NEW YORK, June 12, 2017 /PRNewswire/ -- Wecast Network, Inc. (NASDAQ: WCST) ("Wecast" or "WCST"), announced today that it has acquired 51% of NextGen Exchange Group ("NextGen"), the first Blockchain- and Big Data-enabled index exchange, which will reside and operate under Wecast Network's Wecast Services Group ("WSG") and become an essential component of Wecast's Transactional Finance Product Cloud business. WCST will pay no monetary or stock consideration for the acquisition.
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