Brief: Hatcher Group Intends To Put Forward Proposal To Shareholders To Effect Share Consolidation

Hatcher

06/10/2023 15:50

Oct 6 (Reuters) - Hatcher Group Ltd  8365.HK :
    * INTENDS TO PUT FORWARD A PROPOSAL TO SHAREHOLDERS TO
EFFECT
SHARE CONSOLIDATION
    * SHARE CONSOLIDATION INVOLVES CONSOLIDATION OF EVERY 25
EXISTING
SHARES OF PAR VALUE HK$0.01 EACH INTO 1 SHARE OF VALUE OF
HK$0.25 EACH
    * CO TO ACQUIRE 13.5% EQUITY INTEREST OF QUEST CENTURION AT
CONSIDERATION OF HK$58 MILLION
    * WILL ISSUE CONVERTIBLE NOTE IN AGGREGATE PRINCIPAL AMOUNT
OF
HK$30 MILLION AS PART OF CONSIDERATION UPON ACQUISITION
COMPLETION

Further company coverage:  8365.HK 

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