Brief: Freeman FinTech Corporation Says Co, Provisional Liquidators And Investor Entered Into Term Sheet
13/08/2020 16:00
Aug 13 (Reuters) - Freeman FinTech Corporation Ltd
0279.HK :
* FREEMAN FINTECH CORPORATION- CO, PROVISIONAL LIQUIDATORS
AND
INVESTOR ENTERED INTO TERM SHEET
* FREEMAN FINTECH CORPORATION - TERM SHEET TO SET OUT KEY
COMMERCIAL TERMS OF PROPOSED RESTRUCTURING OF CO
* FREEMAN FINTECH CORP - TERMS INCLUDE PROVISION OF LOAN
EQUAL TO
CONSIDERATION OF LICENSED CORPS & UNSECURED LOANS UP TO HK$40
MILLION BY RADIANT ALLIANCE
* FREEMAN FINTECH CORP - TERMS INCLUDE SUBSCRIPTION FOR NEW
SHARES
WITH PROCEEDS OF HK$80 MILLION
Source text for Eikon: ID:nHKS21C6vd
Further company coverage: 0279.HK
((Reuters.Briefs@thomsonreuters.com;))
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