Brief: Chinese Energy Holdings says unit entered into letter of intent
14/10/2015 15:43
Oct 14 (Reuters) - Chinese Energy Holdings Ltd 8009.HK : * Purchaser (an indirect wholly-owned subsidiary of the company) entered into the non- legally binding letter of intent * Letter of intent with the vendor (an independent third party) in respect of the possible acquisition * Maximum consideration of the possible acquisition shall be hk$223.8 million * Pursuant to letter of intent, the refundable deposit of hk$50 million shall be payable by purchaser upon signing * Says purchaser shall acquire the sale shares, representing 44.76% of the issued share capital of target co * Source text (http://bit.ly/1LtTxpD) ((For more news, please click here 8009.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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