Brief: Itc Properties Group Updates On Acquisition Of 20% Interests In Uni-Dragon

ITC Neocloud

16/10/2019 16:08

Oct 16 (Reuters) - ITC Properties Group Ltd  0199.HK :
    * ON 14 OCTOBER FINE INTELLECT AND ALL FAMEAS PURCHASERS AND
FALLONCROFT AND SOUTH SHORE ENTERED INTO ACQUISITION AGREEMENT
    * ON 15 OCTOBER, EASE LINK, FALLONCROFT & SOUTH SHORE
ENTERED INTO
EASE LINK AGREEMENT
    * DEAL FOR SALE BY FALLONCROFT OF 20% STAKES IN AND
CORRESPONDING
PERCENTAGE OF VENDOR LOAN TO EACH OF UNITS AT HK$300 MILLION
EACH
    * EASE LINK AGREEMENT FOR SALE BY FALLONCROFT TO EASE LINK
OF
ANOTHER 10% STAKE AT CASH CONSIDERATION OF HK$150 MILLION
    * ON COMPLETION, FINE INTELLECT, ALL FAME, EASE LINK,
FALLONCROFT
AND UNI-DRAGON SHALL ENTER INTO SHAREHOLDERS' AGREEMENT
    * MADE APPLICATION FOR RESUMPTION OF TRADING IN SHARES AND
DEBT
SECURITIES WITH EFFECT FROM 9:00 A.M. ON 17 OCT

Source text for Eikon:  ID:nHKS1dYVMN 
Further company coverage:  0199.HK 

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