Brief: Hexindai Announces Strategic Investment To Expand Its Funding Sources

Akso Health

10/12/2018 18:03

Dec 10 (Reuters) - Hexindai Inc  HX.O :
    * HEXINDAI ANNOUNCES STRATEGIC INVESTMENT TO EXPAND ITS
FUNDING
SOURCES
    * HEXINDAI INC -  HAS SIGNED A TERM SHEET WITH TARGET
COMPANY TO
ACQUIRE A MINORITY EQUITY STAKE IN TARGET COMPANY FOR A
CONSIDERATION OF RMB200 MILLION
    * HEXINDAI INC - WILL COOPERATE WITH THE PEER-TO-PEER
LENDING 
PLATFORM OF THE TARGET COMPANY, STARTING IN 2019, FOR THREE YEAR
    * HEXINDAI INC - FURTHER INFORMATION ABOUT THE TARGET
COMPANY WILL
BE DISCLOSED ONCE SUCH DEFINITIVE AGREEMENTS HAVE BEEN EXECUTED

Source text -(https://bit.ly/2Pq1Qbf)
Further company coverage:  HX.O 

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