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BEIJING, Aug. 27, 2018 /PRNewswire/ -- Luokung Technology Corp. (KONE) ("LK" or the "Company"), a leading long-distance travel mobile service and technology service provider in China, today announced that LK Technology Ltd., a wholly-owned subsidiary of the Company, has entered into a Stock Purchase Agreement (the "Agreement") with Superengine Holding Limited ("SuperEngine") and its shareholders (the "Shareholders").
BEIJING, Aug. 27, 2018 /PRNewswire/ -- Luokung Technology Corp. (KONE) ("LK" or the "Company"), one of the leading mobile service and technology providers of long distance travel and a pioneer and leader of the railway Wi-Fi market in China, today announced that the appointments of the new members of the Company's Board became effective upon the closing of the transactions contemplated in Asset Exchange Agreement ("AEA") by and between the Company and C Media Limited, dated January 25, 2018. The new Board members are Mr. Xuesong Song, Mr. Dennis M Galgano, Dr. Jiming Ha, Mr. Zhihao Xu, Mr. Jin Shi and Mr. Kegang Peng (the "New Board").
BEIJING, Aug. 22, 2018 /PRNewswire/ -- Luokung Technology Corp. (formerly known Kingtone Wirelessinfo Solution Holding Ltd, Nasdaq: KONE) (the "Company"), a company incorporated in British Virgin Islands ("BVI"), today announced that it has completed the transactions contemplated by the Asset Exchange Agreement ("AEA") with C Media Limited ("C Media") entered into on January 25, 2018, and has changed its name to Luokung Technology Corp., effective August 20, 2018. Upon the closing of the Transaction, the Company, through its wholly-owned subsidiary LK Technology Ltd. ("LK Technology"), gained the rights to deploy Wi-Fi systems on approximately 700 trains in China, including 290 trains in which Wi-Fi systems have already been installed and are currently in operation.
XI'AN, CHINA / ACCESSWIRE / July 31, 2018 / Kingtone Wirelessinfo Solution Holding Ltd (KONE) ("Kingtone", "we" or the "Company"), a China-based developer and provider of mobile enterprise solutions, today announced the financial results for the six months ended March 31, 2018. Net cash used in operating activities for the six months ended March 31, 2018 was approximately $0.5 million, compared to approximately $0.04 million provided in operating activities for the six months ended March 31, 2017, primarily comprised of net loss of $0.7 million and bad debt of $0.5 million, partially offset by a decreased in account receivable of $0.27 million.