Brief: eCargo Holdings Says To Purchase Metcash's China Export Business

eCargo Holdings

08/11/2018 08:42

Nov 8 (Reuters) - eCargo Holdings Ltd  ECG.AX :
    * TO PURCHASE METCASH'S CHINA EXPORT BUSINESS
    * METCASH'S CHINA HEAD TO BE APPOINTED AS INTERIM CEO OF ECG
    * AGREEMENT TO ACQUIRE 85% OF METCASH EXPORT SERVICES PTY
LIMITED
WHICH INCLUDES ITS CHINA-BASED SUBSIDIARY
    * CONSIDERATION PAYABLE FOR ACQUISITION IS A$2.5 MILLION
PLUS 85%
OF NET ASSET VALUE OF BUSINESS

Source text for Eikon:  urn:newsml:reuters.com:*:nASX712vCQ
Further company coverage:  ECG.AX 

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