Brief: Hong Kong Shanghai Alliance Enters Into Subscription And Shareholders Agreement

Hong Kong Shanghai Alliance Holdings

18/04/2018 15:19

April 18 (Reuters) - Hong Kong Shanghai Alliance Holdings
Ltd  1001.HK :
    * PLENTIFUL TO SUBSCRIBE FOR 0.45 NEW VENTURE SHARE AT
US$4,500 &
RECO TO SUBSCRIBE FOR 2.55 NEW VENTURE SHARES AT US$25,500
    * COMPANY, PLENTIFUL, RECO, HSL AND VENTURE ENTERED INTO
SUBSCRIPTION AND SHAREHOLDERS AGREEMENT
    * HSL, VENTURE PARTNERS HAVE AGREED TO CONTRIBUTE $350
MILLION ON
A PRO RATA BASIS FOR OPERATIONS OF VENTURE
    * CO INDIRECTLY OWNS A 62% STAKE IN PLENTIFUL, AS SUCH,
VENTURE
PARTNERS COMMITMENT FROM CO SHALL BE US$32.6 MILLION

Source text for Eikon:  ID:nHKS1bzFcd 
Further company coverage:  1001.HK 

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