Brief: Citychamp Watch & Jewellery updates on acquisition of Shun Heng Securities

Citychamp Watch & Jewellery

19/02/2016 11:22

Feb 19 (Reuters) - Citychamp Watch & Jewellery Group Ltd  0256.HK : 
 * Connected transaction in relation to acquisition of the entire equity interest in Shun Heng Securities Limited  
 * Purchaser has agreed to acquire the entire issued share capital of the target company from the vendor 
 * Says purchaser and the vendor entered into the agreement 
 * Says company intends to fund the consideration by internal resources of the group 
 * Deal for a cash consideration of HK$24.8 million 
 
 * Source text for Eikon  ID:nHKS65bh3m  
 
 ((For more news, please click here  0256.HK ))  
 ((Bengaluru Newsroom; +91 80 6749 1130))