Brief: Apollo Smart Mobility Group Says Unit Entered Into Acquisition Agreement
12/01/2023 24:58
Jan 12 (Reuters) - Apollo Smart Mobility Group Co Ltd
0860.HK :
* UNIT ENTERED INTO ACQUISITION AGREEMENT
* CONSIDERATION FOR ACQUISITION OF ACQUISITION SHARES IS
US$2,023.27 MILLION
* WM MOTOR TO SELL ENTIRE ISSUED SHARE CAPITAL OF WM MOTOR
GLOBAL
INVESTMENT TO UNIT
* CONSIDERATION WILL BE SETTLED BY WAY OF ALLOTMENT AND
ISSUE OF
28.82 BILLION SHARES AT ISSUE PRICE OF HK$0.55 PER SHARE
Source text for Eikon: ID:nHKSbW4TvR
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