Brief: Honbridge says entered into term sheet with Cloudmatrix

Honbridge Holdings

11/04/2016 15:47

April 11 (Reuters) - Honbridge Holdings Ltd  8137.HK : 
 * The company entered into the term sheet with cloudmatrix in relation to the 
potential investment. 
 * Company conditionally agreed to grant to the borrower the loan in the 
principal amount of hk$540 million 
 * Says entered into the loan agreement with the borrower 
 * Loan is intended to be funded by the net proceeds received from the placing 
and the subscription 
 * Company has commercially decided not to proceed with the potential investment 
and terminated the term sheet 
 
 * Source text for Eikon  ID:nHKS9h2SMy  
 
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