Royal Wins Corporation Announces Completion of Offer to Acquire Shares of Royal Wins Pty Ltd.
Royal Wins Corp. or the
Company ) is pleased to announce that it has acquired 142,085,336 ordinary shares of Royal Wins PTY Ltd. (
Royal Wins PTY ) under the terms of its previously announced take-over offer (See press release dated March 1, 2021). This represents 94.07% of the total issued and outstanding shares of Royal Wins PTY and as such, the Company will commence the process of compulsory acquisition in Australia which, on completion, will result in Royal Wins PTY being a wholly owned subsidiary of Royal Wins Corporation.
On March 1, 2021, Royal Wins Corp. (then 10557510 Canada Corp.) formally lodged an offer to acquire all issued and outstanding shares of Royal Wins PTY (the