Brief: SCMP Group says unit enters into sale and purchase agreement

Great Wall Pan Asia Holdings

19/10/2015 11:03

Oct 19 (Reuters) - SCMP Group Ltd  0583.HK : 
 * Subsidiary of the company entered into the sale and purchase and subscription agreement 
 * Says deal consideration payable by the purchaser to the seller for the sale 
   shares shall be hk$13.6 million 
 * Pursuant to agreement, purchaser has conditionally agreed to acquire 31% of 
   existing issued shares in capital of target 
 * Says group intends to continue developing its digital business 
 * Consideration payable by the purchaser to the target for the subscription 
   shares shall be hk$23 million 
 * Consideration payable by purchaser pursuant to sale and purchase and 
   subscription agreement will be funded by group's internal resources 
 * Source text (http://bit.ly/1NPPSFd) 
 
 
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