Brief: FDG Electric Vehicles Updates On Settlement Agreement

FDG Electric Vehicles

18/10/2018 14:03

Oct 18 (Reuters) - FDG Electric Vehicles Ltd  0729.HK :
    * SETTLEMENT AGREEMENT WAS ENTERED INTO BY, AMONG OTHERS,
COMPANY,
FDG STRATEGIC, CHANJE AND SMITH
    * SMITH ELECTRIC VEHICLES CORP WILL TRANSFER ABOUT 16.84%
EQUITY
INTEREST IN CHANJE ENERGY TO CO
    * COMPANY WILL ALLOT AND ISSUE NEW SHARES TO SMITH AND PAY
US$1.3
MILLION TO SMITH

Source text for Eikon:  ID:nHKS3ldL4Z 
Further company coverage:  0729.HK 

 ((Reuters.Briefs@thomsonreuters.com;))