Brief: Far East Consortium International Announces Acquisition Of Shareholding In BC Group

Far East Consortium International

21/02/2019 14:28

Feb 21 (Reuters) - Far East Consortium International Ltd
 0035.HK :
    * ANNOUNCES ACQUISITION OF MAJORITY SHAREHOLDING IN BC GROUP
FOLLOWING A REORGANISATION
    * ANNOUNCES REORGANISATION INVOLVING ITS EXISTING STAKE OF
37.5%
IN BC FINANCE SERVICES AND BC SECURITIES (HK)
    * UPON COMPLETION, GROUP WILL HOLD 67.55% OF BC GROUP AND BC
GROUP
WILL BECOME HOLDING CO OF BC SECURITIES
    * CO'S INTERESTS IN BC FINANCE SERVICES AND BC SECURITIES
(HK)
WILL BE EXCHANGED FOR SHARES IN BC GROUP
    * NEW INVESTORS TO SUBSCRIBE FOR NEW SHARES REPRESENTING 25%
OF
SHARE CAPITAL IN BC GROUP FOR A$15 MILLION

Source text for Eikon:  ID:nHKSKxKS0 
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