Tiny KinerjaPay reports investment agreement for $200M

• Nano cap KinerjaPay (OTCPK:KPAY) surges 51% after receiving a signed commitment from PT Investa Wahana Group of Indonesia to invest $200M.
• Wahana Group commits to subscribe for $100M in Series F shares and $100M in Series G convertible preferred stock.
• Based on Jan. 4's market close, KinerjaPay's market cap is only $6.6M.
• KinerjaPay will use proceeds to fund its peer-to-per lending operations, potential acquisitions, and strategic investments; also plans to use part of subscription proceeds to repurchase KinerjaPay stock in the open market.
• Investment commitment expected to close within 10 days.
• Previously: KinerjaPay jumps after announcing entry into microlending in Indonesia (June 22, 2018)