New Asia Holdings Inc. (NAHD) 0.5737 $NAHD
New Asia Holdings Inc (NAHD) Announces MOU for the Acquisition of Company Involved in Proprietary Trading Algorithms
PR Newswire - Thu Jun 25, 3:29AM CDT
New Asia Holdings Inc (OTCQB: NAHD), formerly DM Products Inc (DMPD) today confirmed that it has signed a Memorandum of Understanding to acquire a 100% controlling stake in Magdallen Quant Pte. Ltd., a Singapore-based Company (the "Company"

that is focused on the Research, Development and Deployment of Advanced, Proprietary, state-of-the-art, trainable trading algorithms. NAHD confirmed that it has, over the last several months, been undertaking a thorough evaluation of the proprietary trading algorithms owned and developed by the Company. Subject to completion of the final Due Diligence, the Purchase Price of this acquisition will be set forth in a formal Share Sale & Purchase Agreement that is expected to be executed within the next 60 days.