Shares in China-facing poker and lottery provider PCG Entertainment (PCGE) will be re-admitted to trading on London’s AIM market at the end of this month after the company entered into a conditional agreement to acquire Asian gaming supplier Center Point Development Corporation (CPDC).

PCGE had previously stated that it would resume trading last month, after its shares were suspended in February following an announcement that it had entered into an option agreement to acquire CPDC.

This will now take place on August 28th, the company confirmed yesterday, with the acquisition representing a reverse takeover under AIM rules. The enlarged company will have a market capitalisation of approximately £61m.

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