Brief: Auto Italia Holdings Says Unit To Purchase VMS Auto Italia Fin Services Holdings

Auto Italia Holdings

26/11/2021 12:04

Nov 26 (Reuters) - Auto Italia Holdings Ltd  0720.HK :
    * UNIT TO PURCHASE VMS AUTO ITALIA FIN SERVICES HOLDINGS
    * CONSIDERATION FOR ACQUISITION HK$960 MILLION
    * CONSIDERATION WILL BE SETTLED BY ISSUE OF SHARES AT
HK$0.138 PER
SHARE TO VMS HOLDINGS
    * AN APPLICATION FOR WHITEWASH WAIVER WILL BE MADE BY VMS
HOLDINGS
PURSUANT TO TAKEOVERS CODE

Source text for Eikon:  ID:nHKS2zvRyX 
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 (Reuters.Briefs@thomsonreuters.com)