Brief: New Sports Group updates on potential acquisition

Glory Sun Land

29/08/2016 15:44

Aug 29 (Reuters) - New Sports Group Ltd  0299.HK : 
 
 * Payment by the group in connection with the potential acquisition under mou  dated 17 November 2015, past discloseable transaction in relation to certain loans and resumption in trading  0299.HK  
 * The company will not proceed with the potential acquisition under the mou 
 * Says board has taken immediate action to seek legal advice 
 * Noted Wuxi xinyou and its shareholders had entered into deal relating to sale of equity interests in Wuxi xinyou to another purchaser 
 
* Source text for Eikon  ID:nHKS9Dvqms  
 
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