Brief: Allied updates on formation of joint venture by unit of Sun Hung Kai & Co. Ltd

Allied

11/05/2016 14:41

May 11 (Reuters) - Allied Group Ltd  0373.HK : 
 * Discloseable transaction in relation to formation of joint venture  0373.HK  
 * SHKI, an indirect wholly-owned subsidiary of SHK, entered into the 
   shareholders' agreement with the JV partners 
 * Enterprise value agreed by the parties for the hotel company shall be 
   EUR162.3 million 
 * Purchase price of 100% of the shares issued by the hotel company shall be 
   EUR118.91 million 
 * Amount to be invested by SHKI shall be approximately EUR43.24 million 
 * Expected that SHK can share the profit from the joint venture 
 
   Source text for Eikon  ID:nHKS6WN96s  
 
   For more news, please click here  0373.HK  
   Bengaluru Newsroom; +91 80 6749 1130