Malaysia, Feb. 08, 2018 (GLOBE NEWSWIRE) -- Malaysia ( Oct 27, 2017) –IGS Capital Group Limited. (the “Company”, “IGS” or “IGSC”) (OTCMKTS:IGSC) is pleased to announce that IGS STEP, INC (IGSS) intends to acquire shareholding in IGSC, which will be issuing new shares by way of private placement totally 10% ordinary shares and the price to be determined and agreed by both parties.
IGS STEP, INC and IGS Capital Group Limited have entered into a Memorandum of Understanding whereby IGSS intends to acquire 10% shares in IGSC. The companies intend to merge core business and development goals.
ABOUT IGS CAPITAL GROUP LIMITED
IGS is focused primarily on Asia and is an innovative Investment and Optical & Mini Market Chain Store company with revenue generating retail activities in the markets and also the financial instrument and other potential businesses .
IGS has a brilliant relationship in different industries sector all around Asia. IGS is now expanding and growing the services into other countries in Asia. Further leveraging on the growing business, Oil & Gas Trading, Franchise of license retail chain store and Agriculture are also the businesses that IGSC will be involved.
FORWARD-LOOKING STATEMENTS
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company’s ability to obtain new contracts and accurately estimate net revenue due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company’s financial results, can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (“SEC”).