Brief: Echo International Agrees To Purchase 12% Stake In Bluemount Financial
20/04/2021 16:36
April 20 (Reuters) - Echo International Holdings Group Ltd
8218.HK :
* ECHO INTERNATIONAL - AGREED TO PURCHASE 12% STAKE IN
BLUEMOUNT
FINANCIAL GROUP LIMITED FOR HK$7.2 MILLION
* ECHO INTERNATIONAL-CO GOT OPTION TO FURTHER ACQUIRE
REMAINING
58.0% IN BLUEMOUNT FINANCIAL GROUP
* ECHO INTERNATIONAL-ASSUMING ALL OPTIONS EXERCISED, CO WILL
BUY
ALL OPTION SHARES AT HK$34.8 MILLION (SUBJECT TO UPWARD
ADJUSTMENTS TO MAX OF HK$139.2 MILLION
Source text for Eikon: ID:nHKS9r75JY
Further company coverage: 8218.HK
((Reuters.Briefs@thomsonreuters.com;))
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