Dotcom’s Mega seeks $210 mln backdoor listing on NZX via TRS Investments

Mon, 24 Mar 2014

By Paul McBeth March 25 (BusinessDesk) - Mega Ltd, Kim Dotcom’s data storage and encryption company, is seeking a backdoor listing on the NZX valuing the firm at $210 million. Shell company TRS Investments, which has previously been looking at a back-door deal to list Cornerstone Mineral Corp, will buy 100 percent of Mega for $210 million, which will be satisfied by the issue of 700 million new shares in TRS to the existing Mega shareholders at 30 cents apiece, the company said in a statement. It will then undertake a 148 for 1 consolidat...

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