Primewaterview Holdings Announces a Reverse Merger on the OTC Markets
- Created: Wednesday, 04 October 2017 14:54
- Written by Nasdaq GlobeNewswire
NEW YORK, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Primewaterview Holdings Inc a New York based holding and parent company to Primewaterview Limited and Primewater Holdings Limited in Nigeria, is pleased to announce that it has successfully concluded the negotiations to acquire 90% of the total outstanding common and preferred shares of a US publicly traded company. The aim is to merge this company with Primewaterview Limited in Nigeria by infusing all the assets of Primewaterview Limited into the public company, a process that is commonly known as a Reverse Merger and the same will lead to a surviving company that is called Primewaterview Properties Inc. which will be a fully reporting public company on the OTC Markets by the first week of November. The acquisition of the public company will be completed on October 10, 2017.
The Founder & CEO of Primewaterview Holdings Inc, HRH Prince Adetunji Ogunwusi, stated that, “The nascent Primewaterview Holdings Inc. exemplifies our passion for excellent service delivery in our areas of operation which is real estate development and construction among others. Our portfolio will now expand to diverse sectors of viable activities including but not limited to energy, mining, health care, and oil and gas services. We will bring to bear on the portfolios, the dynamism that has set us apart in the industry as a performer adding value to investors and shareholders alike. This is a very exciting phase in our growth plan.”
Bernard Yaw, Chairman of Primewaterview Holdings Inc also stated, “it is an honour and privilege to work alongside HRH Prince Adetunji Ogunwusi in championing the listing of Primewaterview Properties Inc. on the OTC Markets here in New York, the world largest capital market. For an elite Nigerian real estate development and construction with diversified portfolio to be recognized as one of the first few African companies into this privilege club of public companies, exhibits the confidence the investors have in Nigeria and will augur well for the shareholders and stakeholders on the long term. This is indeed a new and exciting beginning for the Company, Nigeria and Africa.”
About Primewaterview Holdings Inc
Primewaterview Holdings Inc is a New York based and Africa focused holding company with interests in a very diverse portfolio of activities ranging from Real Estate, Mining, Healthcare, Oil & Gas and Services. The Company was founded by HRH Prince Adetunji A. Ogunwusi, A Royal Prince of ILE-IFE Kingdom, the source of all Yoruba race in Nigeria and diaspora.
For more information