GigWorld Inc. entered into a securities purchase agreement to acquire 18% stake in Value Exchange International, Inc. (OTCPK:VEII) on April 8, 2021. Under the terms of transaction, GigWorld Inc. will acquire 6.5 million shares as purchase price of $0.65 million. The Shares were purchased for investment purposes for GIG's own account. VEII intends to use the net proceeds from the sale of the Shares for general working capital.

GigWorld Inc. completed the acquisition of 18% stake in Value Exchange International, Inc. (OTCPK:VEII) for $0.65 million on April 12, 2021.