Brief: Huabang Financial Holdings Says Co, Ayalon Insurance & Fintlv Entered Into LOI

Hunlicar

28/10/2019 13:45

Oct 28 (Reuters) - Huabang Financial Holdings Ltd  3638.HK :
    * CO, AYALON INSURANCE AND FINTLV ENTERED INTO LOI FOR
PROPOSED
EQUITY PARTICIPATION
    * UNDER LOI, CO, AYALON INSURANCE & FINTLV TO NEGOTIATE
TERMS OF
PROPOSED EQUITY PARTICIPATION BY AYALON INSURANCE & FINTLV INTO
JV CO
    * UNDER LOI, TO ALSO ENTER JOINT VENTURE AGREEMENT BETWEEN
HUABANG
FINTECH, AYALON INSURANCE, FINTLV AND MEIYE
    * JV PARTIES INTEND TARGET OF TOTAL CUMULATIVE INVESTMENT
AMOUNT
OF JV CO WILL REACH ABOUT HK$12 BILLION

Source text for Eikon:  ID:nHKS1LtXsF 
Further company coverage:  3638.HK 

 ((Reuters.Briefs@thomsonreuters.com;))