Brief: China Healthwise Holdings says entered into S&P agreement to acquire Ace Season Holdings Limited

China Healthwise Holdings

29/03/2017 13:15

March 29 (Reuters) -    China Healthwise Holdings Ltd 
 0348.HK : 
    * Company and vendor entered into s&p agreement 
    * Net proceeds from subscription, after deduction of related 
expenses, are estimated to be approximately hk$59.9 million 
    * Deal at an aggregate consideration of hk$85.0 million 
    * Company and subscriber entered into subscription agreement 
    * Pursuant to s&p agreement company agreed to acquire and 
vendor agreed to sell sale shares and sale loan 
    * Company intends to apply net proceeds from subscription 
for the acquisition 
    * Vendor being china star entertainment (bvi) limited,  
target company is ace season holdings limited 
    * Co to allot and issue and subscriber to subscribe for a 
total of 363.6 million subscription shares at subscription price 
of hk$0.165 per subscription share 
 
 
    Source text for Eikon:  ID:nHKS6d2hcm  
    Further company coverage:  0348.HK  
 
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