Brief: Fullshare Updates MOU In Relation To Proposed Strategic Cooperation

Fullshare Holdings

26/12/2017 23:55

Dec 27 (Reuters) - Fullshare Holdings Ltd  0607.HK : 
    * ENTERED MOU WITH SHANGHAI JOYU CULTURE COMMUNICATION, 
NINGBO 
ZHONGBANG CHANRONG HOLDINGS AND NINGBO ZHONGXIN WANBANG ASSET 
MANAGEMENT 
    * ZHONGBANG CHANRONG INTENDS TO ENTER AGREEMENT TO 
ESTABLISH 
EQUITY INVESTMENT FUND IN THE PRC NOT EXCEEDING RMB2.633 
BILLION 
    * AGREED CO WILL BUY INTEREST IN FUND FROM ZHONGBANG 
CHANRONG & 
FUND PARTNER BY FORWARD PURCHASE BEFORE EXPIRY DATE OF TERM OF 
FUND 
 
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