Brief: HongKong Chinese Ltd enters into letter of exclusivity with Cosenza Investments
25/01/2017 10:47
Jan 25 (Reuters) - Hongkong Chinese Ltd 0655.HK :
* HKC and Norfyork International entered into a letter of
exclusivity with Cosenza Investments
* Norfyork agreed that in consideration of HK$130 million
paid by Cosenza in cash to HKC, it shall grant Cosenza certain
exclusivity rights
* Exclusivity rights for a period of 18 months
* Rights in relation to negotiation of proposed sale and
purchase of a majority stake in Lippo Securities Holdings
Source text for Eikon: urn:newsml:reuters.com:*:nHKSnnY46
Further company coverage: 0655.HK
((Bangalore.newsroom@thomsonreuters.com))
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