Brief: Auto Italia Holdings Ltd updates on entering into term sheet

Auto Italia Holdings

10/03/2017 10:41

March 10 (Reuters) - Auto Italia Holdings Ltd  0720.HK  
    * Subsequent to receipt of termination advice, group and 
Ferrari have been in discussion 
    * Discussion regarding arrangements for purpose of ensuring 
a smooth and orderly transition of distribution business 
    * Following negotiations and discussions, on 10 march 2017, 
group and ferrari entered into a term sheet 
    * Term sheet concerning (among other matters) handling of 
existing Ferrari vehicle orders received by group 
 
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