Emiac Technologies Acquires 100% of Emiac Inc., USA

Emiac Technologies Ltd announced its Board of Directors has approved the acquisition of 100% of the equity share capital of Emiac Inc., USA. This strategic move will make Emiac Inc. a wholly owned subsidiary of Emiac Technologies. The acquisition aims to establish a localized corporate presence in the United States, expand international business operations, and streamline the delivery of SEO, e-commerce microservices, and ad analytics workflows. The transaction involves a cash consideration of $100.00 for 10,000,000 shares at a par value of $0.00001 per share. No prior governmental or regulatory approval is required, with the investment falling under the Automatic Route of the Foreign Exchange Management (Overseas Investment) Rules, 2022.