Deal Snapshot
KINERJAPAY TO ACQUIRE PT KINERJA INDONESIA TO ADD CLOUD COMPUTING CAPABILITIES
Wednesday 16 May 2018

Indonesia-based digital payment and eCommerce platform KinerjaPay Corp., (OTCQB: KPAY) plans to acquire Indonesia-based data centre services provider PT. Kinerja Indonesia to add cloud-computing services to its capabilities, the company said.
The company will issue 1,333,333 restricted common shares to acquire PT. Kinerja Indonesia. Additional terms were not disclosed. The rapid expansion of KinerjaPay has enabled the company to have the ability to consolidate its IP technology and data centre assets.


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Details
Date Published: 16/05/2018
Target: PT. Kinerja Indonesia
Country: Indonesia
Deal Size: 1.15m (USD)
Sector: Telecommunications
Type: Corporate acquisition
Financing: Stock
Status: Agreed
Vendor:
Buyer: KinerjaPay Corp
Comment:


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