Brief: Grandshores Technology Announces Regarding Shareholder Loan Agreement

Grandshores Technology

12/04/2019 12:52

April 12 (Reuters) - Grandshores Technology Group Ltd
 1647.HK :
    * GRANDSHORES TECHNOLOGY (HONG KONG) TO ADVANCE LOAN OF
HK$5.4
MILLION TO HEMPIRE BIO-TECHNOLOGY CORP AT AN INTEREST RATE OF 8%
PA
    * GSHK WILL REDUCE ITS STAKE IN JV FROM 51% TO 45.9% AND ITS
CAPITAL CONTRIBUTION FROM HK$5.1 MILLION TO HK$4.6 MILLION
    * ZOU CHENDONG WILL REDUCE HIS STAKE IN JV FROM 49% TO 44.1%
AND
HIS CAPITAL CONTRIBUTION FROM HK$4.9 MILLION TO HK$4.4 MILLION
    * TRINITY GATE WILL SUBSCRIBE FOR 10% STAKE IN JV AND WILL
CONTRIBUTE HK$1 MILLION TO JV

Source text for Eikon:  ID:nHKS1F8z6v 
Further company coverage:  1647.HK 

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