Brief: Banyan Tree Says Units Entered Into Term Sheet With Tritonia Company & China Voyage

Banyan Tree Holdings

08/12/2023 14:28

Dec 8 (Reuters) - Banyan Tree Holdings Ltd  BANY.SI :
    * ENTRY INTO TERM SHEET RELATING TO PROPOSED TRANSACTION
WITH
AFFILIATES OF CHINA VANKE CO
    * UNITS ENTERED INTO TERM SHEET WITH TRITONIA COMPANY
LIMITED &
CHINA VOYAGE LIMITED
    * UNDER TERM SHEET BT ENTITIES TO BUY ALL RELEVANT ENTITIES'
INTEREST IN BANYAN TREE SERVICES(CHINA) & BANYAN TREE HOTEL
MANAGEMENT(CHINA)
    * AGREED VALUATION OF VANKE SALE SHARES IS RMB480 MILLION
    * AGREED VALUATION OF BANYAN SALE SHARES IS RMB30 MILLION

Source text for Eikon:  ID:nSNbvf1ZN 
Further company coverage:  BANY.SI 

 ((Reuters.Briefs@thomsonreuters.com;))