Brief: New Silkroutes says enterprises entered into subscription agreement
19/02/2016 09:31
Feb 19 (Reuters) - New Silkroutes Group Ltd NEWS.SI : * Top post enterprises limited has on 19 February 2016 entered into a subscription agreement * Agreement with Baling (China) Investment Limited * Deal to subscribe for such number of shares in bci that shall represent approximately 99.97% of the enlarged share capital of BCI * The consideration for the proposed subscription iS HK$35 million * The consideration shall be paid in cash and will be funded by a combination of internal resources and bank borrowings * Proposed subscription has no impact to company's issued share capital * Source text for Eikon ID:nSNZ8D2pF2 ((For more news, please click here NEWS.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
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