Brief: BGMC International Updates On JV Arrangements For Solar Power Plant Projects
29/08/2019 15:44
Aug 29 (Reuters) - BGMC International Ltd 1693.HK :
* UPDATES ON JOINT VENTURE ARRANGEMENTS FOR SOLAR POWER
PLANT
PROJECTS
* BGMC CORP AGREED TO SUBSCRIBE FOR 86 MILLION REDEEMABLE
CONVERTIBLE PREFERENCE SHARES TO BE ISSUED BY BGMC BRAS POWER AT
86.0 MILLION RGT
* A CAPITAL COMMITMENT IN SUM OF 88.5 MILLION RGT IS
EXPECTED TO
BE CONTRIBUTED BY JV SHAREHOLDERS IN JV CO
* CAPITAL COMMITMENT TO BE MADE BY BGMC ENERGY 39.9 MILLION
RGT IN
JV CO
Source text for Eikon: ID:nHKS3NXWT8
Further company coverage: 1693.HK
((Reuters.Briefs@thomsonreuters.com;))
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