On December 7, 2018, Invigor Group Limited (ASX: IVO) came forward and made an announcement regarding the share purchase plan. The company released a press release and stated that, as a result of the share purchase plan, the qualified shareholders can apply to the fully paid ordinary shares (new shares) in regard to the company’s capital. The qualified shareholders can, however, make an application for maximum $15,000. And, these qualified shareholders would be shelling out nothing in terms of brokerage or say, any other associated costs with the transaction. However, they would need to comply with terms and conditions with respect to share purchase plan. The press release which contained information related to the share purchase plan also stated that, on December 28, 2018, the new securities would be issued in regard to the share purchase plan.
Invigor Group also stated that it would be working towards the activities which would be focused towards the quoting of these new securities on ASX or Australian Securities Exchange. The company also believes that the trading with respect to new securities on Australian Securities Exchange might start from December 31, 2018. It is expected that most of the investors would decide that whether or not they should go for offer given by the company and thus, the company had also stated in the press release that why the investor should consider applying the share purchase plan. The objective of this offer is to complete the investment opportunity with WeChat Pay and other fintech groups, strengthen the balance sheet, and provide adequate working capital.
As per the press release issued by the company, Invigor is presently in the robust position and might achieve favourable momentum in regard to scale as well as growth on a global basis. The company is highly optimistic about the deal which was done with the Winning Group of China. The Winning Group happens to be the Tencent’s partner. As per the press release, Invigor Group stated that because of the focus of Tencent towards expanding into the international geographies, IVO could also benefit from the same. The agreement in regard to increasing the business of WeChat Pay in the international boundaries would be helping Invigor in terms of the growth in the revenues with respect to regions like Hong-Kong, Singapore as well as Japan.
On December 7, 2018, Invigor also released investor presentation. In the presentation, the company mentioned challenges which are being encountered by the retailers. Also, the company mentioned that the problems which are being handled by the Invigor. They stated that support brands as well as retailers by assessing the customers, market as well as competitors, by helping them to overcome the challenges they encounter when it comes to the digital payments, by supporting them from the advertisement point of view as well as by helping them in terms of sales as well as customers.
The last traded price of Invigor Group was A$0.005 per share. The stock price of the company is trading towards the lower range.
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