Brief: Anchorstone Entered Non-Legally Binding MoU For Proposed Acquisition Of 2 Cos

Anchorstone Holdings

03/04/2020 15:47

April 3 (Reuters) - Anchorstone Holdings Ltd  1592.HK :
    * ENTERED NON-LEGALLY BINDING MOU WITH AN INDIVIDUAL FOR
PROPOSED
ACQUISITION OF TWO COMPANIES
    * CONSIDERATION FOR POTENTIAL TRANSACTION TO BE ABOUT
HK$76.5
MILLION
    * EXPECTED THAT IF CONSIDERATION WILL BE SETTLED BY WAY OF
CASH
    * MOU FOR INTENDED ACQUISITION OF ENTIRE SHAREHOLDING
INTEREST IN
SHANGHAI PACIFIC MARBLE AND XIAMEN YATAI

Source text for Eikon:  ID:nHKS9wx4BJ 
Further company coverage:  1592.HK 

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