Brief: Heng Tai Consumables Group Says MoU On Possible HK Acquisition Expires

Heng Tai Consumables

31/12/2019 07:47

Dec 31 (Reuters) - Heng Tai Consumables Group Ltd  0197.HK :
    * UPDATES ON EXPIRATION OF MEMORANDUM OF UNDERSTANDING IN
RELATION
TO POSSIBLE ACQUISITION
    * IN VIEW OF SOCIAL UNREST IN HK, BOARD WAS UNABLE TO AGREE
WITH
SELLER ON PRINCIPAL TERMS OF POSSIBLE ACQUISITION
    * BOARD DECIDED NOT TO FURTHER EXTEND EXCLUSIVITY PERIOD AND
MOU
EXPIRED ON 31 DECEMBER 2019

Source text for Eikon:  ID:nHKS9sP02H 
Further company coverage:  0197.HK 

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