Brief: A-Labs Capital I Announces Proposed Transaction With Hisense Ltd

Banxa Holdings

11/02/2019 13:21

Feb 11 (Reuters) - A-Labs Capital I Corp  ALBSp.V :
    * A-LABS CAPITAL I CORP. ANNOUNCES PROPOSED TRANSACTION WITH
HISENSE LTD.
    * A-LABS CAPITAL I - TO ACQUIRE HISENSE IN EXCHANGE FOR
ISSUANCE
OF CO'S SHARES TO HISENSE SHAREHOLDERS BASED ON ENTITY VALUE FOR
HISENSE OF $29.2 MILLION
    * A-LABS CAPITAL I - CO/HISENSE IS PROPOSING TO CONDUCT A
CONCURRENT BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP
TO US$10 MILLION RELATED TO DEAL

Source text for Eikon:  ID:nGNX1kx1Pb 
Further company coverage:  ALBSp.V 

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