BRIEF-Posiflex Technology unit to fully acquire KIS Acquisition at $105 mln

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Posiflex acquires KIS KIOSK

For full press release text with analysis see KIOSK Acquired by Posiflex posting. Below is original posting of headline on Reuters.

Posiflex Technology buys KIOSK (KIS) :


Aug 12 Posiflex Technology :

* Says its subsidiary Posiflex Business Machines,Inc. will fully acquire KIS Acquisition Corp. at $105 million from KIS Group,LLC and The Peninsula Fund V Limited Partnership.

Source text in Chinese:

Further company coverage: (Beijing Headline News)