Electronic Game Card, Inc (fka EGMIQ)

[howardjoel]

Hmmmmmmmmm Gtech

China LotSynergy Limited (“CLSL”), a wholly-owned subsidiary of China LotSynergy, acquires the remaining 67% equity interest in stake of Tabcorp International Hong Kong Limited (””TIHK”) from Tabcorp International No.1 Pty Limited, a wholly- owned subsidiary of Tabcorp Holdings Limited, for a consideration of AU$15 million (equivalent to approximately around US$13 million) (the “Acquisition”). After the Acquisition, China LotSynergy owns 100% equity interest of TIHK. Immediately after with the Acquisition, GTECH Corporation (“GTECH”) through its subsidiary, Global Services Corporation Ltd., (“GTECH”), a wholly- owned subsidiary of Lottomatica,，S.P.A., acquiresd 50% equity intereststake in TIHK from CLSLChina LotSynergy for a consideration of US$20 million (the “Disposal”). After completion of the Disposal, the joint venture with GTECH was formed, under which TIHK is was owned 50-50 as to 50% by CLSL China LotSynergy and as to 50% by GTECH (“the Joint Venture”), and. TIHK will be renamed to CLS-GTECH Company Limited (集太華彩有限公司).