Agora Holdings decreases ownership percentage of eSilkroad from 100% to 51%

|About: Agora Holdings, Inc. (AGHI)|By:, SA News Editor

Agora Holdings (OTCPK:AGHI) entered into an addendum to the Share Exchange Agreement with the shareholders of eSilkroad, originally signed on April 17 to reduce the ownership percentage of eSilkroad acquired by the Company from 100% to 51%.

The Company and the shareholders of eSilkroad, have proposed to raise financing of up to $20M over the next thirty-six months to fund the various stages of development required to commercialize and launch the B2B platform through private sales of equity to qualified investors directly in eSilkroad.

Subscribe for full text news in your inbox