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LIG Assets, Inc. Acquires Controlling Interest of THCB; Files for Symbol Change and Name Change to South American Properties, Inc.
LIG Assets, Inc. Acquires Controlling Interest of THCB; Files for Symbol Change and Name Change to South American Properties, Inc..
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nLIG Assets, Inc. Acquires Controlling Interest of THCB; Files for Symbol Change and Name Change to South American Properties, Inc.\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nLIG Assets, Inc. Acquires Controlling Interest of THCB; Files for Symbol Change and Name Change to South American Properties, Inc.\n\nPR Newswire\n\nDALLAS, March 21, 2013\n\n\n\n\n\n\n\nDALLAS, March 21, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, announces it has acquired controlling interest of Texas Hills Country Barbecue (OTCPK: THCB). A filing with FINRA has been submitted to change the corporate name to South American Properties, Inc. as well as a request for a symbol change. The new entity plans to acquire and develop real estate properties, and other income generating assets located in South America with a more specific focus on the country of Peru. \n\n\n\nPeru is a democracy whose public powers are the Executive, headed by the President of the Republic. Peru had one of the world's fastest growing economies in 2011 (and the fastest in Latin America). In 2008 Peru had a population 28,534,000 habitants according to TIME ALMANAC. The coast is home to 52% of the total population, while 36% live in the highlands and 12% in the jungle. Major exports include minerals (gold, silver, copper, zinc, lead); natural gas, crude petroleum and petroleum products; agricultural products (including coffee, asparagus and potatoes); fish products; textiles.\n\n\nLIG Assets expects to discuss how this acquisition will benefit LIGA shareholders in the near future and its overall strategy in more detail.\n\n\n\nAbout LIG Assets, Inc. \nLIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and Inter Continental Real Partners, LIG Assets will expand its focus on multifamily, retail, hotel, and office properties with valuations between $3 a...