Brief: China Beidahuang Industry Group Announces MoU In Respect Of Possible Acquisition
20/03/2020 13:31
March 20 (Reuters) - China Beidahuang Industry Group
Holdings Ltd 0039.HK :
* CO INTENDS TO ACQUIRE 20% STAKE IN NINGXIA CHENGGONG RED
CHATEAU
DAYMORE MANAGEMENT SERVICE CO
* CO ENTERED MOU WITH NINGXIA YINHE HUIXIN TECHNOLOGY
INVESTMENT
CO & ZHOU ZHIJIE TOGETHER WITH NINGXIA YH
* CONSIDERATION MAY BE SATISFIED IN CASH OR BY WAY OF SHARE
SWAP
* NINGXIA CHENGGONG RED CHATEAU DAYMORE MANAGEMENT SERVICE
WILL BE
HELD AS TO 46.67% BY NINGXIA YH
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