Brief: Alpha Professional Holdings Updates Unwinding Of Acquisition With Starways Global

Alpha Professional Holdings

18/09/2019 02:57

Sept 18 (Reuters) - Alpha Professional Holdings Ltd
 0948.HK :
    * UPDATES ON SALE OF SHARE CAPITAL OF GE INTERNATIONAL BY CO
FROM 
STARWAYS GLOBAL
    * ON 17 SEPT COMPANY, STARWAYS GLOBAL, WANG AND GE
INTERNATIONAL
ENTERED INTO SETTLEMENT AGREEMENT
    * CONSIDERED TO UNWIND ACQUISITION BY RETURN OF ALL 50.8 MLN
ACQUISITION CONSIDERATION SHARES ISSUED TO STARWAYS GLOBAL
    * SINCE STARWAYS GLOBAL SOLD 10.1 MLN SHARES, ALTERNATE WAY
TO
UNWIND ACQUISITION WAS BY RETURN OF 40.7 MLN SHARES

Source text for Eikon:  ID:nHKS9RtH0m 
Further company coverage:  0948.HK 

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