Brief: Asia Standard Hotel says entered memorandum of agreement
16/12/2015 22:12
Dec 17 (Reuters) - Asia Standard Hotel Group Ltd 0292.HK : * Company has entered into the memorandum of agreement with itcp, xpec and atl on 16 December 2015 * Applied to the stock exchange for the resumption of trading in the shares on the stock exchange with effect from 9:00 a.m. on 17 December 2015 * Says deal for the total consideration of Canadian dollars 170.1 million * Jv will be owned as to 40%, 28%, 20% and 12% by company, itcp, xpec and atl or their respective nominated subsidiaries * Assets century, participated in a bidding process, and entered into the purchase and sale agreement with the vendor on 12 December 2015 * Source text for Eikon ID:nHKS17jmhT ((For more news, please click here 0292.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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