The transactions team at Bull, Turner & Co. oversaw 3 significant transactions finalised at the end of December 2016. The often lengthy and deadlocked negotiations proved to be fruitful, as our negotiators assisted various clients to reach their respective agreements by the end of 2016. This was a huge success.
The 3 transactions, all finalised on 28 December 2016 comprise of:
NewEco aquisition by FinCapital
FinCapital Venture Limited reached an agreement to acquire 50% of NewEco Tech Global.
NewEco contracts Winfun for Expertise
In a separate operational agreement, NewEco Tech Global Board Members vetted through a fiercely contested tender process, before awarding its hugely lucrative service contract to Winfun Limited. Winfun who are known for their technology advancements in providing cutting edge real time secured online transactions, will take charge of full operational, management and maintenance of online betting site www.winfun88.com.
FinCapital reaches agreement to acquire a portion of ZBSoul
In FinCapital Venture Limited signs agreement to acquire 15% of ZBSoul Limited. In what is likely to be the first deal of its kind, FinCapital will acquire a 15% stake in ZBSoul, and further includes 50% of revenue generated by the online social broadcasting company.