Agtech Completes Score Value Acquisition (update)

Group now has strong positioning for the Chinese mobile lottery market opening

Silvercreek Technology Holdings, a subsidiary of Hong Kong-listed AGTech Holdings, has announced the completion of its acquisition of Score Value (see previous InfoPowa reports).

The move positions the group strongly to take advantage of the forthcoming opening up of the Chinese mobile lottery market, a company spokesman said Thursday.

Silvercreek paid HK$489.5 million ($63.1 million) for Score, a consideration which is subject to downward adjustments, the company notes. The price was executed in an initial payment of HK$189.5 million and a deferred consideration of HK$300 million.

Score Value is a research and development group which provides quality assurance and sales of handheld lottery sales equipment, along with the design of lottery games and systems. The company is currently seeking approval in China for the system and content of a mobile lottery game.

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,462
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts