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112 - Lerthai News Story

HK$4.09 0.0  0.0%

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Sector
Financials
Size
Mid Cap
Market Cap £432.3m
Enterprise Value £1.46bn
Revenue £109.1m
Position in Universe 1241st / 5988

BRIEF-Lerthai Group Says Negotiating With CR Urban Construction To Enter Into Potential Debt For Equity Swap Agreement

Mon 20th April, 2020 3:42pm
April 20 (Reuters) - Lerthai Group Ltd  0112.HK :
    * NEGOTIATING WITH CR URBAN CONSTRUCTION TO ENTER INTO AN
POTENTIAL DEBT FOR EQUITY SWAP AGREEMENT
    * BY CAPITALIZING ABOUT RMB390 MILLION OF ENGINEERING
PAYMENT
DEBT, THE DEBT WILL BE FULLY & FINALLY SETTLED ONCE AGREEMENT
FINALIZED
    * ENGINEERING PAYMENT DEBT TO BE SETTLED ONCE AGREEMENT
FINALIZED
& CR URBAN CONSTRUCTION WILL BE ENTITLED TO APPOINT 1 DIRECTOR
OF CO

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5zCMmf
Further company coverage:  0112.HK 

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