Brief: China City Infrastructure Announces Acquisition Of Precious Palace Enterprises

China AI Infrastructure

03/01/2019 15:01

Jan 3 (Reuters) - China City Infrastructure Group Ltd
 2349.HK :
    * ANNOUNCES ACQUISITION OF ENTIRE EQUITY INTERESTS OF
PRECIOUS
PALACE ENTERPRISES LTD
    * DEAL FOR HK$795 MILLION
    * CONSIDERATION TO BE SATISFIED BY ISSUE CONVERTIBLE BONDS
IN
PRINCIPAL AMOUNT OF HK$431.5 MILLION
    * CONSIDERATION TO BE SATISFIED ALSO BY ISSUING PROMISSORY
NOTE OF
HK$363.5 MILLION TO SKY CLIMBER DEVELOPMENT OR ITS NOMINEE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1gzKqS
Further company coverage:  2349.HK 

 (Reuters.Briefs@thomsonreuters.com)