Business
Acquisition of Control Block of IGEX
Acquisition of Control Block of IGEX.
About this update from Indo Global Exchanges Pte Ltd
[{"type":"text","content":"Dear Valued Shareholders and Stakeholders,Indo Global Exchanges Pte Ltd, a company listed on the OTC Markets (OTC: IGEX), is pleased to announce the successful acquisition of the Control Block of IGEX by The European Institute for Entrepreneurship (EIE). The transaction was officially signed by Mr. Antonio Sainz, the esteemed representative of EIE, on June 13, 2023, and subsequently elevated to a public deed on June 20, 2023.This strategic acquisition marks a significant milestone for both companies, reinforcing our commitment to growth and leadership. The Control Block acquisition of IGEX aligns with our overarching corporate strategy and positions the company for enhanced market presence and increased shareholder value.Mr.Sainz, played a pivotal role in the negotiation and execution of this transaction. His expertise and leadership were instrumental in securing the successful acquisition, and we are confident that under his guidance, IGEX will continue to thrive and deliver value to our shareholders.\"We are excited about the acquisition of the Control Block of IGEX, which represents a strategic move to strengthen our market position and drive long-term value for our stakeholders,\" said Antonio.Safe Harbor StatementThis press release includes forward-looking statements, which are based on certain assumptions and reflects managements current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matter not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a resu...