Brief: China ocean fishing says unit entered into memorandum of understanding

China Ocean Development

15/03/2017 10:05

March 15 (Reuters) - China Ocean Fishing Holdings Ltd 
 8047.HK : 
    * Unit  entered into a memorandum of understanding 
    * Vendors proposed to sell , in aggregate, 70% equity 
interest in shenzhen qisen fishery company limited* 
    * Jin yu tang shenzhen fishery entered into a memorandum of 
understanding with chen suifang and zou lian 
    * Consideration for memorandum and exclusivity period as 
well as commencement of due diligent review is rmb5 million 
    * Consideration under formal sale and purchase agreement 
will be payable in cash and/or issuing convertible bonds by 
company 
 
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Further company coverage:  8047.HK  
 
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