Brief: Ascent Bridge Says Entry Into A Non-Binding Letter Of Intent For Potential Acqusition
08/12/2023 15:31
Dec 8 (Reuters) - Ascent Bridge Ltd ASCE.SI :
* ENTRY INTO A NON-BINDING LETTER OF INTENT FOR POTENTIAL
ACQUSITION AND BUSINESS EXPANSION IN CHINA MARKET
* CO ENTERED INTO A NON-BINDING LETTER OF INTENT WITH DONG
YING
QUAN LI QUAN WAI INTERNATIONAL TRADING CO
* LOI IN RELATION TO POTENTIAL ACQUISITION OF BAIJIU
BUSINESS IN
CHINA
* UNDER LOI, ASCENT BRIDGE (HAINAN) SHALL ISSUE 49% SHARES
TO
DONG YING QUAN LI QUAN WAI INTERNATIONAL TRADING
* UNDER LOI, ABH SHALL ACQUIRE FROM QLQW DISTRIBUTION
RIGHTS IN
MAINLAND CHINA FOR MOUTAI BULAO 125 ML LIQUOR
* UNDER LOI, ABH AND QLQW TO DESIGNATE ABH AS JOINT VENTURE
COMPANY OF PARTIES
Source text for Eikon: ID:nSNbMnbbm
Further company coverage: ASCE.SI
((Reuters.Briefs@thomsonreuters.com;))
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