Brief: China Star Entertainment says S&P agreement was entered into between Best Combo as purchaser and Chen as vendor

China Star Entertainment

05/12/2016 22:06

Dec 6 (Reuters) - China Star Entertainment Ltd  0326.HK : 
    * S&P agreement was entered into between Best Combo as 
purchaser and Chen as vendor 
    * Best Combo has agreed to acquire entire issued share 
capital of Modern Vision and sale loan for hk$1 billion 
    * Purchase price shall be satisfied by payment of hk$400 
million as a deposit and issue of promissory note by co to  Chen 
    * Best Combo as lender entered into loan agreement with Chen 
as borrower 
    * Best Combo has agreed to grant to chen a fixed term loan 
in principal amount of hk$500 million 
    * Application made to stock exchange for resumption of 
trading in shares with effect from 9:00 a.m. On 6 december 2016 
 
Source text for Eikon:  ID:nHKS6F9T9B  
Further company coverage:  0326.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))