Brief: UDL Holdings says unit entered into mou with DTXS Property

DTXS Silk Road Investment Holdings Co

27/01/2016 22:03

Jan 28 (Reuters) - UDL Holdings Ltd  0620.HK : 
 * Memorandum of understanding in respect to possible acquisition and connected transaction  0620.HK  
 * Purchaser, being a wholly-owned subsidiary of the company, entered into the mou with DTXS Property (the vendor) 
 * Consideration for the proposed acquisition to be paid to dtxs property will be determined as the valuation of the property 
 * Says intends to purchase and acquire 100% of the equity interests held by dtxs property in the target company 
 * Consideration will be paid in hk$ by the purchaser 
 * Vendor will procure dtxs international to subscribe for new shares of the company at the issue price of hk$ 3.20 per share 
 * Vendor intends to procure dtxs property to sell 100% of the equity interests of the target company to the purchaser. 
 * Total subscription price for the subscription shares shall be equal to the amount of the consideration 
 * Source text (http://bit.ly/20tOb3r) 
 
 
 
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