Brief: Hybrid Kinetic Group enters SPA with UQM through unit
30/06/2016 15:21
June 30 (Reuters) - Hybrid Kinetic Group Ltd 1188.HK : * Very substantial acquisition proposed investment in UQM Technologies Inc through subscription of new shares of UQM common stock and resumption of trading 1188.HK * Says on 28 June 2016 the company through unit entered into the spa with UQM * Application has been made for resumption of trading in the shares with effect from 9:00 a.m. on Monday, 4 July 2016 * Subscription of an aggregate of 66.5 million new shares of UQM common stock at the total subscription price of US$47.9 million * Parties involved in stock issuance and purchase agreement are UQM Technologies as issuer and American Compass as subscriber * Source text for Eikon ID:nHKS9r7kj3 * ((For more news, please click here 1188.HK )) ((Bengaluru Newsroom; +91 806749 1130))
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