Brief: China Goldjoy Group Says Unit To Purchase Stake In New Sports Group

Glory Sun Land

21/01/2019 14:02

Jan 21 (Reuters) - China Goldjoy Group Ltd  1282.HK :
    * UNIT TO PURCHASE ABOUT 37.2 PERCENT STAKE IN NEW SPORTS
GROUP
FROM UPRIGHT HOIST LTD, AMONG OTHER PARTIES
    * CONSIDERATION FOR SALE SHARES WILL BE SETTLED BY ISSUING
AGGREGATE OF 1.51 BILLION NEW CGG SHARES
    * CASH CONSIDERATION PER OFFER SHARE UNDER CASH ALTERNATIVE
IS
HK$0.435 PER OFFER SHARE
    * MADE APPLICATION FOR RESUMPTION OF TRADING IN CGG SHARES
ON
STOCK EXCHANGE WITH EFFECT FROM 9:00 A.M. ON 22 JAN
    * APPLICATION HAS BEEN MADE BY NEW SPORTS GROUP FOR
RESUMPTION OF
TRADING IN NSG SHARES FROM 9:00 A.M. ON 22 JAN

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9SLpYS
Further company coverage:  1282.HK 

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