Brief: Hao Tian Development Group Announces Formation Of JV

Aceso Life Science

05/06/2020 15:33

June 5 (Reuters) - Hao Tian Development Group Ltd  0474.HK :
    * UNIT & CO-HIGH INVESTMENT MANAGEMENT ENTERED SUBSCRIPTION
&
SHAREHOLDERS' AGREEMENT WITH GENIUS POWER
    * CO-HIGH INVESTMENT TO SUBSCRIBE FOR 490 JV SHARES IN
GENIUS
POWER FOR ABOUT HK$4.9 MILLION
    * UNDER AGREEMENT UNIT TO SUBSCRIBE FOR 509 JV SHARES IN
GENIUS
POWER FOR ABOUT HK$5.1 MILLION
    * UPON COMPLETION, GENIUS POWER WILL BE OWNED BY UNIT AND
CO-HIGH
AS TO 51% AND 49%, RESPECTIVELY
    * EXPECTS TO RAISE NET PROCEEDS OF ABOUT HK$152.3 MILLION ON
FULL
EXERCISE OF SUBSCRIPTION RIGHTS ATTACHING TO SHARE OPTIONS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4nhrPR
Further company coverage:  0474.HK 

 ((Reuters.Briefs@thomsonreuters.com;))