Brief: China Risun Group Says Risun Chemicals Will Cooperate On Six Target Co's Bankruptcy Restructuring

China Risun

12/09/2019 16:35

Sept 12 (Reuters) - China Risun Group Ltd  1907.HK :
    * RISUN CHEMICALS WILL COOPERATE WITH CINDA ON SIX TARGET
COMPANIES' BANKRUPTCY RESTRUCTURING
    * RISUN CHEMICALS HAS PROPOSED TO ACQUIRE NO LESS THAN
99.99% OF
EQUITY INTEREST IN SIX TARGET COMPANIES FROM CINDA
    * ACQUISITION CONSIDERATION FOR SIX TARGET CO'S IS EXPECTED
TO BE
NO MORE THAN RMB4.5 BILLION
    * UNIT ENTERED INTO FRAMEWORK AGREEMENT WITH CINDA ASSET
MANAGEMENT, CINDA CAPITAL MANAGEMENT AND WUHU SHUNRI
    * RISUN CHEMICALS WILL CONTINUE TO PROVIDE ENTRUSTED
OPERATIONS
MANAGEMENT SERVICES FOR TARGET COMPANIES

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS7Bfdks
Further company coverage:  1907.HK 

 ((Reuters.Briefs@thomsonreuters.com;))