Private Eye

Xinhua Mobile buying at GINSMS (V:GOK)

Updated Thursday Apr 13, 2017 02:11 AM EDT

Xinhua Mobile Limited, a 10% Holder, acquired 7,163,692 Common Shares on a direct ownership basis at a price of $0.130 through a private transaction on April 10th, 2017. This represents a $931,280 investment into the company's shares and an account share holdings change of 7.9%.

GINSMS is in the IT Services & Consulting Sub Industry Group under the Technology Sector.

GINSMS Inc. is a mobile technology and services company focusing on cloud-based application-to-peer (A2P) messaging service and software products and services. The Company operates in two segments: Messaging Business and Software Products and Services. It operates its messaging business through Gin International Ltd (GIN), its wholly owned subsidiary in Hong Kong. GIN provides cloud-based A2P short message services (SMS), which enables mobile application developers, SMS gateways, enterprises and financial institutions to deliver SMS without any capital investment. It operates its software products and services through its subsidiary, Inphosoft Group Pte Ltd (Inphosoft). Inphosoft provides products and solutions to mobile operators in the areas third generation/fourth generation (3G/4G) mobile data value-added services, such as mobile entertainment and mobile advertising. It also provides mobile application development services, and support and maintenance services to customers.

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