Brief: Esprit Holdings Announces MOU For Potential Investment And Cooperation

Esprit Holdings

18/04/2024 02:13

April 18 (Reuters) - Esprit Holdings Ltd  0330.HK :
    * MOU FOR POTENTIAL INVESTMENT AND COOPERATION
    * ENTERED INTO A NON-LEGALLY BINDING MOU WITH INTERNATIONAL
PRIVATE EQUITY GROUP
    * POTENTIAL INVESTOR INTENDED TO TAKE ECONOMIC INTEREST IN
CO
    * POTENTIAL INVESTOR WILL ASSIST CO TO RESTRUCTURE EUROPEAN
BUSINESS
    * UNDER MOU, PROPOSED THAT POTENTIAL INVESTOR WILL ASSIST CO
TO
RESTRUCTURE GROUP'S EUROPEAN BUSINESS, OTHERS
    * FINAL TERMS OF DEFINITIVE TRANSACTION AGREEMENT(S) ARE
SUBJECT
TO FURTHER NEGOTIATIONS BETWEEN PARTIES
    * FORESEES THAT IT WILL DERIVE SUBSTANTIAL ADVANTAGES FROM
POTENTIAL SYNERGIES INHERENT IN POTENTIAL INVESTMENT AND
COOPERATION

Further company coverage:  0330.HK 

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