Brief: Auto Italia's Unit Enters Agreement With Chime Biologics & JHL Biotech, Among Others

Auto Italia Holdings

29/01/2020 15:01

Jan 29 (Reuters) - Auto Italia Holdings Ltd  0720.HK :
    * UNIT & INDEPENDENT THIRD PARTY ENTER AGREEMENT WITH CHIME
BIOLOGICS, JHL BIOTECH & JHL BIOTECH (HONG KONG) AMONG OTHERS
    * CONSIDERATION OF ISSUANCE US$32 MILLION; SUBSCRIPTION
PRICE FOR
EACH CBL SERIES A PREFERRED SHARE OF ABOUT US$0.617
    * UPON COMPLETION, RAINBOW SURPLUS INVESTMENTS TO HOLD 51.8
MILLION CBL SERIES A PREFERRED SHARES, REPRESENTS 11.82% OF
CHIME

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS246sWc
Further company coverage:  0720.HK 

 (Reuters.Briefs@thomsonreuters.com)