• South Korean mobile commerce leader becomes a strategic investor in Bango, expanding the partnership

The proposed expanded partnership between Bango (AIM: BGO), the mobile commerce company, and NHN Corp ('NHN'), South Korean big data business, announced on 3 April 2020, completed on 16 April 2020.

NHN has invested £3.2M into Bango for a 4.7% shareholding. It also invested a further £6.5M for a 60% shareholding in Bango Deep - the Bango subsidiary that owns the Audiens Customer Data Platform business - with Bango retaining 40%. The new shares in Bango were admitted to trading on AIM ('Admission') on 16 April 2020.

Read full announcement here

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Bango plc published this content on 17 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2020 09:30:09 UTC