Brief: Kasen International Holdings updates on acquisition of 51% equity interest in Green Vantage and/or China Stamp

Kasen International Holdings

21/12/2016 11:05

Dec 21 (Reuters) - Kasen International Holdings Ltd 
 0496.HK  
    * Zhejiang Kasen, ZN Stamp vendors and target company 
entered into ZN Stamp Agreement 
    * Company, GV vendors, Green Vantage, China Stamp and target 
company entered into GV agreement 
    * Pursuant to agreement Zhejiang Kasen has conditionally 
agreed to acquire ZN stamp sale shares 
    * GV vendors agreed to sell GV sale shares, representing 
entire issued share capital of Green Vantage, at GV 
consideration of rmb288 million 
    * Total consideration payable by group under agreements to 
vendors is rmb612 million, subject to adjustments 
    * Zhejiang Kasen  to acquire ZN stamp sale shares, at ZN 
stamp consideration of rmb324 million 
    * Upon completion, group will be interested in an aggregate 
of 51% equity interest in  Green Vantage and/or China Stamp 
 
Source text for Eikon:  ID:nHKS6SjZLl  
Further company coverage:  0496.HK  
 
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