Mobile gaming company iCandy Interactive (ASX: ICI) has announced it will divest its wholly-owned subsidiary iCandy Digital Pte Ltd to Sweden’s RightBridge Ventures AB in return for a 25% share in the esports investment company.As consideration for the divestment, iCandy will receive approximately 17.3 million Rightbridge shares to the value of $4.8 million and will have the option to purchase an additional 2.2 million shares at nominal value.A holding of 19.5 million shares would take iCandy’s stake in Rightbridge to approximately 25% once it lists on the Swedish stock exchange this year.
For those that missed it... Small Caps article - iCandy sells non-core subsidiary to Fatfish Group’s Swedish esports investment company Rightbridge for $4.8m
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