Brief: Bingo says group obtained offer for settlement from Huayi Brothers
16/05/2016 10:09
May 16 (Reuters) - Bingo Group Holdings Ltd 8220.HK : * Says the group has obtained a preliminary offer for the settlement from Huayi brothers * Withdrawal of appeal will have no material adverse impact on normal business operations of the group * Says the group has applied to withdraw the appeal * Says negotiation between the group and huayi brothers is still in progress and no settlement terms is reached * Refers to announcements in relation to a series of cooperation agreements entered into between the investors and Huayi brothers * Source text for Eikon urn:newsml:reuters.com:*:nHKS274lYc ((For more news, please click here 8220.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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