Rayont, Inc. (OTCPK:RAYT) entered into an agreement to acquire Rayont International (Labuan) Inc. from Taleo Holdings (L) Ltd for $1.8 million on September 30, 2020. The consideration comprises issuance of shares equivalent to the acquisition amount based on share price closed on September 29, 2020. Under the term, Rayont will issue 25.71 million shares as $0.07 per share. The transaction is subject to board of director approval of Rayont and Rayont International, approval of Rayont International's shareholder. The transaction is expected to close on or before September 30, 2020. Rayont, Inc. (OTCPK:RAYT) completed the acquisition of Rayont International (Labuan) Inc. from Taleo Holdings (L) Ltd on September 30, 2020.