Moxian Signs Letter Of Intent With eSports Company Beijing Bi Er Culture Communication In Which Moxian May Enter Agreement To Acquire A Controlling Stake

Moxian, Inc. ("Moxian" or the "Company") (MOXC), an offline-to-online (O2O) social media services and Internet media marketing services provider, and an exclusive agent and operator of the Games

Benzinga · 11/06/2019 14:04

Moxian, Inc. ("Moxian" or the "Company") (MOXC), an offline-to-online (O2O) social media services and Internet media marketing services provider, and an exclusive agent and operator of the Games channel of the Xinhua News APP, today announced the signing of a Letter of Intent with Beijing Bi Er Culture Communication Co. Ltd., ("Bi Er"), pursuant to which, Moxian may, upon a satisfactory completion of due diligence and an audit of past financial statements, enter into a definitive agreement to acquire a controlling stake of Bi Er, the terms of which have yet to be finalised and which will be subject to approval by the shareholders of the Company in a general meeting.