Brief: Differ Group Announces Acquisition Of 49% Stake In Weihai Zhongtian Real Estate

Differ Auto

18/06/2020 12:35

June 18 (Reuters) - Differ Group Holding Co Ltd  6878.HK :
    * DIFFER GROUP HOLDING ANNOUNCES ACQUISITION OF 49% STAKE IN
WEIHAI ZHONGTIAN REAL ESTATE
    * DIFFER GROUP HOLDING ANNOUNCES ACQUISITION OF 51% STAKE
AND DEBT
DUE BY SHANGHANG FENGDA REAL ESTATE
    * AGGREGATE CONSIDERATION TO BE PAID TO DIFFER CULTURAL
TOURS 
RMB211.1 MILLION
    * CONSIDERATION TO BE SATISFIED BY ALLOTMENT AND ISSUE OF
580
MILLION SHARES
    * CONSIDERATION SHARES WILL BE ISSUED AT HK$0.40 EACH

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8zdnry
Further company coverage:  6878.HK 

 (Reuters.Briefs@thomsonreuters.com)