Brief: China Best Group Holding updates on acquisition of five target companies

Hong Kong Robotics Holding

24/01/2017 14:57

Jan 24 (Reuters) - China Best Group Holding Ltd  0370.HK : 
    * Vendor and guarantor entered into agreement 
    * Deal pursuant to which purchaser has conditionally agreed 
to purchase,vendor has conditionally agreed to sell sale shares 
at HK$200 million 
    * Vendor being Zr International Holding Company Limited,  
purchaser being China Best Financial Holdings Limited 
    * Consideration will be funded by remaining proceeds from 
issue of new shares under specific mandate and possible external 
borrowings 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS173NMX 
Further company coverage:  0370.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com;))