BRIEF-NPG Technology SA signs contract with Mexican investors
Dec 30 (Reuters) - NPG Technology SA :
* Signs investment contract under which Mexican investors will enter NPG Latam SA de CV and NPG Technology Mexico SA de CV for about 3.09 million euros ($3.8 million)
* Under the terms of the contract investors will hold 75 percent stake in both units, the remaining 25 percent will be held by the company
* The investors will have the right to exchange shares of both units for NPG shares and to appoint one board member of the company
* Says the investors will enter as soon as legal documents are ready for conversion of corporate type of both units to S.A.P.I. for their subsequent incorporation into stock markets
* It is estimated that the process of conversion of both units into S.A.P.I. will end in Q1-2015 Source text: bit.ly/1rwUaHi Further company coverage: ($1 = 0.8228 euros) (Gdynia Newsroom)
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