Brief: First Sponsor Group updates on subscription of new shares by China Vanke in Co's unit
22/08/2016 24:09
Aug 22 (Reuters) - First Sponsor Group Ltd FSCA.SI : * Proposed subscription of new shares by China Vanke in first sponsor's subsidiary) FSCA.SI * Entered into share subscription agreement with fs Dongguan investment, regent land investment,vanke real estate (Hong Kong) co & sinobird holding * Under the share subscription agreement, vanke and regent are required to inject a shareholders' loan into China co * Entered into an assignment agreement between the co, the target, fs investment holdings limited, regent, vkhk and vanke * RMB625.9 million is cash consideration for the share subscription * Source text for Eikon ID:nSNZ6F8Hx0 ((Further company coverage: FSCA.SI )) ((Bangalore.newsroom@thomsonreuters.com))
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