Brief: UDL says Better Power entered into the asset purchase agreement

DTXS Silk Road Investment Holdings Co

02/11/2015 22:08

Nov 3 (Reuters) - UDL Holdings Ltd  0620.HK : 
 * Says better power entered into the asset purchase agreement 
 * Says better power has conditionally agreed to acquire the old coins from the 
old coin seller 
 * Says consideration of the old coin acquisition is hk$78.69 million 
 * Consideration shall be satisfied in cash by better power 
 * Says better power entered into the wine purchase agreement with the wine 
vendor 
 * Says better power has conditionally agreed to acquire 3,700 bottles of 
Chinese mao tai wine 
 * Says consideration of the mao tai acquisition is approximately RMB24.32 
million 
 * Says company proposes to raise approximately hk$420.39 million 
 * Says estimated net proceeds of the open offer will be approximately hk$418.24 
million 
 * Says company and the underwriter entered into the underwriting agreement 
 * Says leung yat tung has resigned as an executive director and the chief 
executive officer 
 * Says leung yu oi ling, Irene Has Resigned as an executive director and the 
chairman of the board 
 * Says leung chi yin, gillian has resigned as an executive director 
 
 * Source text for Eikon  ID:nHKS9Jy3d7  
 
 ((For more news, please click here  0620.HK )) 
 ((Bengaluru Newsroom; +91 80 6749 1130))