Now News Digital Media Technology Co. Ltd. (OTCPK:NDMT) entered into a share exchange agreement to acquire MySong Industrial Co., Ltd. from Alan Chen and Chiu-Li Tu for $0.6 million in stock on October 4, 2016. Now News Digital will issue 0.2 million shares for 0.005 million shares of Now News Digital Media Technology Co. Ltd. Alan Chen will sell 0.004999 share and get 0.19966 million shares of Now News Digital Media Technology and Chiu-Li Tu will sell 1 share and get 40 shares of Now News Digital Media Technology. The transaction is subject to the fulfillment of certain condition. The Board of Directors of Now News Digital Media Technology Co. Ltd. and MySong Industrial Co., Ltd. have approved the transaction. Dragon Gate Investment Partners LLC acted as the public relations advisor and Jay Kaplowitz of Sichenzia Ross Friedman Ference LLP acted as the legal advisor for Now News Digital Media Technology Co. Ltd. Now News Digital Media Technology Co. Ltd. (OTCPK:NDMT) cancelled the acquisition of MySong Industrial Co., Ltd. from Alan Chen and Chiu-Li Tu on October 4, 2017.