ADGS Advisory, Inc. (OTCPK: ADGS) signed a memorandum of understanding to acquire Manivest Asia Limited for approximately $3.8 million on November 6, 2014. The consideration will be paid in installments. The sale and purchase agreement is expected to be signed on or before April 1, 2015. The transaction is subject to the due diligence and audit report of Manivest Asia Limited.

ADGS Advisory, Inc. (OTCPK: ADGS) cancelled the acquisition of Manivest Asia Limited on November 6, 2015.