Brief: Digital China Holdings updates on possible acquisition of interest in HC International

HC

24/04/2017 12:37

April 24 (Reuters) - Digital China Holdings Ltd  0861.HK : 
    * Announcement - framework agreement in repsect of possible 
disposal of interest in a joint venture company and possible 
acquisition of interest in Hc International, Inc.  0861.HK  
    * Co will procure sale of and Hc International will procure 
acquisition of JV interest, representing 60% of interest in 
Chongqing Micro-Credit 
    * Pursuant to agreement, it is proposed that both 
consideration of disposal & total subscription price for HC 
subscription shares shall be HK$1.23 billion 
 
Source text (http://bit.ly/2oDB3L9) 
Further company coverage:  0861.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))