Brief: Dingyi Group Investment Says Unit Entered Framework Agreement With Weiyan

Dingyi Investment

23/04/2019 11:19

April 23 (Reuters) - Dingyi Group Investment Ltd  0508.HK :
    * UNIT  ENTERED FRAMEWORK AGREEMENT WITH WEIYAN IN RESPECT
OF A
PROPOSED INVESTMENT IN AND STRATEGIC COOPERATION WITH WEIYAN
    * UNIT TO  SUBSCRIBE TOTAL OF 8.99% OF ENLARGED SHARE
CAPITAL OF
WEIYAN FOR AGGREGATE SUBSCRIPTION PRICE OF RMB78 MILLION
    * UNDER DEAL, UNIT TO  ESTABLISH JV ENTITY WITH WEIYAN FOR
PROVISION OF TECHNOLOGY-ORIENTED RETAIL FINANCE SOLUTIONS
    * JOINT VENTURE ENTITY WILL BE OWNED AS TO 60% BY WEIYAN AND
40%
BY JINHUI

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS4zh4kl
Further company coverage:  0508.HK 

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