Brief: Imagi International Holdings Enters Term Sheet To Buy Les Ambassadeurs Club
20/05/2019 15:32
May 20 (Reuters) - Imagi International Holdings Ltd
0585.HK :
* IMAGI INTERNATIONAL HOLDINGS LTD ANNOUNCES TERM SHEET
RELATING
TO POSSIBLE VERY SUBSTANTIAL ACQUISITION AND POSSIBLE REVERSE
TAKEOVER
* APPLICATION HAS BEEN MADE BY COMPANY TO STOCK EXCHANGE FOR
TRADING IN SHARES TO RESUME FROM 9:00 A.M. ON 21 MAY
* CO ENTERED TERM SHEET TO BUY LES AMBASSADEURS CLUB FOR AN
INITIAL CONSIDERATION OF HK$1,262.2 MILLION
* POSSIBLE ACQUISITION OF LES AMBASSADEURS CLUB FROM UNITED
TIME
CORP MAY CONSTITUTE REVERSE TAKEOVER FOR CO
Source text for Eikon: urn:newsml:reuters.com:*:nHKS5qpmZH
Further company coverage: 0585.HK
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