Brief: Broad Greenstate International updates on acquisition agreement

China Green Broad Ecological Technology

23/09/2016 12:08

Sept 23 (Reuters) - Broad Greenstate International Co Ltd: 
    * inside Information: Framework Agreement In Relation To The 
Proposed Acquisition  1253.HK  
    * Co and vendor have tentatively agreed to value target co 
based on 75% of its nav 
    * Entered into a non-legally binding framework agreement 
with an independent third party 
    * "co and vendor have tentatively agreed to set 
consideration of proposed acquisition at 60% of such valuation" 
 
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