Brief: Banyan Tree Holdings says entered into two binding term sheets with China Vanke Co
23/01/2017 09:45
Jan 23 (Reuters) - Banyan Tree Holdings Limited BANY.SI :
* Pdf 1: Banyan Tree Holdings Limited (Partnership With
China Vanke Co., Ltd.) BANY.SI
* Entered into two binding term sheets with china vanke co.,
ltd
* Under agreement, btc will be initially controlled 50:50 by
bth and vanke
* Bth agrees to issue shares to Vanke in connection with
collaboration by private placement of an aggregate principal
amount of S$25 million
* Placement price is S$0.60 per share
* Vanke will nominate one director to board of directors of
bth in connection with proposed transactions
Source text for Eikon: ID:nSN6FLt7B
Further company coverage: BANY.SI
((Bangalore.newsroom@thomsonreuters.com;))
Recent news on Banyan Tree Holdings
See all newsBrief: Banyan Tree Says Unit Receives Confirmation From SET That LRH's Securities Will Be Delisted
Singapore's Banyan Tree half-year revenue rises 14% on higher property sales
Brief: Banyan Tree Posts FY Patmi S$42.1 Million
Brief: Banyan Tree Holdings Logs H1 Revenue SGD 200.9 Million
Brief: Banyan Tree Refer To Media Reports Of Fire Incident In Busan, South Korea