Brief: Nine Express enters into memorandum of understanding in respect of possible acquisition

Keyne

19/07/2017 15:32

July 19 (Reuters) - Nine Express Ltd  0009.HK  
    * Co entered into a non-legally binding memorandum with Ever 
Harmony Enterprises in relation to possible acquisition 
    * Deal in relation to  possible acquisition whereby co 
intends to acquire all or part of vendor's shareholding in 
Yangzhou Ya Tai Zhi Ye 
    * Company entered into investment management agreement with 
manager 
    * Pursuant to investment management agreement, initial 
contribution to be made by company into discretionary account is 
HK$65 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6xcX9r 
Further company coverage:  0009.HK  
 
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