Friday, May 11, 2018 1:07:54 PM
During the third quarter of the fiscal year-ended 2017, FAGI re-engaged with Grupo Richard and shall continue the due diligence period to May 31, 2018.
The assets which are now part of Full Alliance Group Inc., include an extensive real estate portfolio professionally appraised with a net equity of over $40 million dollars USD, and the companies listed below:
Operadora de Servicios GRMS de RI de CV
Grupo Internacional Richard S de RI de CV
Grupo Richard y Lange SAPI de CV SA de CV, and
Asesores en Comercio ON de Mexico
Full Alliance was able to negotiate the acquisition of Grupo Richard’s assets with a combination of $1.5M in cash and 20M in restricted shares of common stock. Grupo Richard has an expert, third party valuation by Riedel Research Group of over $280M.
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