Brief: ITC Properties' unit to buy 45.8% of Paul Y. Engineering Group

ITC Neocloud

28/06/2017 14:18

June 28 (Reuters) - ITC Properties Group Ltd  0199.HK  
    * Discloseable Transaction In Relation To The Acquisition Of 
A 45.76 pct Interest In Paul Y. Engineering Group Limited  
    * Deal for consideration of HK$265.2 million 
    * Precious Year, The 13 (BVI) as vendor, and The 13 as 
vendor's guarantor entered into acquisition agreement 
    * Precious Year Ltd has agreed to purchase 45.76 pct of 
entire issued share capital of PYE 
    * Tycoon Bliss entered Tycoon Agreement pursuant to which it 
has agreed to purchase about 6 pct of of PYE at a consideration 
of HK$34.8 million 
 
Source text for Eikon:  ID:nHKS9kFxz6  
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