Brief: Urban Tea Announces Letter Of Intent To Acquire Controlling Stake Of A Brand Management Company And Supply Chain Management Company

Bit Brother

27/08/2020 14:21

Aug 27 (Reuters) - Urban Tea Inc  MYT.O :
    * URBAN TEA ANNOUNCES ENTRY INTO LETTER OF INTENT TO ACQUIRE
CONTROLLING STAKE OF A BRAND MANAGEMENT COMPANY AND A SUPPLY
CHAIN MANAGEMENT COMPANY
    * URBAN TEA -  LOI CONTEMPLATES AGREEMENT PURSUANT TO WHICH
MING
YUN TANG WILL ACQUIRE 51% OF EACH OF 2 CO'S EQUITY WITH CASH,
CO'S RESTRICTED SHARES
    * URBAN TEA - CO, UNIT MING YUN TANG ENTERED NON-BINDING LOI
WITH
CHUANGYEYING BRAND MANAGEMENT CO, STORE MASTER FOOD TRADING CO
AND THEIR SHAREHOLDERS

Source text for Eikon:  ID:nPn9HSLsDa 
Further company coverage:  MYT.O 

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