BBV Vietnam S.E.A Acquisition Corp. (stock symbol: [t]BBVUF[/t]), which raised $41.4 million when it went public in February 2008, has signed a non-binding letter of intent to acquire Migami, Inc. No other details were provided.
BBV Vietnam S.E.A. Acquisition Corp. Announces Signing of Letter of Intent for Business Combination with Migami, Inc.
Press Release
Source: BBV Vietnam S.E.A. Acquisition Corp.
On Friday July 31, 2009, 5:11 pm EDT
NEW YORK, July 31 /PRNewswire-FirstCall/ -- BBV Vietnam S.E.A. Acquisition Corp. (OTC Bulletin Board: BBVUF - News, BBVVF - News and BBVWF - News; the "Company") announced today that it has signed a non-binding letter of intent with Migami, Inc. to enter into a business combination. Pursuant to the provisions of the Company's Articles of Incorporation, the Company now has until February 13, 2010 to complete the business combination. If the Company is unable to complete the business combination by February 13, 2010, it must liquidate or it can seek shareholder approval to extend the time period to complete a business combination to February 13, 2011.
"We are delighted to have entered into a letter of intent with BBV Vietnam S.E.A. Acquisition Corp and are very much looking forward to working with BBV and its industry contacts in order to help Migami accelerate the growth of its business and achieve its strategic goals," stated John Park, Chairman and CEO of Migami.
<snip>
finance.yahoo.com |
