Brief: Beijing Properties updates on subscription for shares and subscription receipts of Millenmin Ventures

Beijing Properties (Holdings)

27/01/2017 08:57

Jan 27 (Reuters) - Beijing Properties Holdings Ltd  0925.HK  
    * Discloseable Transaction: Subscription For Shares And 
Subscription Receipts Of Millenmin Ventures Inc. And Disposal Of 
Bellomonte Limited  
    * BICL, a wholly owned subsidiary of company, entered into 
letter agreement with millenmin and investors 
    * Pursuant to letter agreement, group will acquire interest 
in millenmin and dispose of interest in bellomonte group 
    * BICL has agreed to subscribe for 26.4 million millenmin 
shares expected to be settled by cash payment of us$2 million 
    * BICL has agreed to dispose of its interest in bellomonte 
group to millenmin for consideration of u$27 million 
    * Under letter agreement bicl agreed to subscribe for 83.3 
million  subscription receipts  expected to be settled by cash 
payment of us$6.3 million 
 
Source text for Eikon:  ID:nHKS82s0q6  
Further company coverage:  0925.HK  
 
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