Brief: Time2U International says unit entered MOU
05/02/2016 10:44
Feb 5 (Reuters) - Time2U International Holding Ltd 1327.HK : * Voluntary announcement - memorandum of understanding in respect of the possible acquisition 1327.HK * On 5 February 2016 Touch Moment Group Limited entered into a memorandum of understanding * Pursuant to deal purchaser intends to acquire and vendor intends to sell entire issued share capital of pok chiu development ltd * Under MOU, vendor agreed not to enter into any negotiation or agreement with any third party on any proposed disposal of equity in target co for 120 days * "Terms of the possible acquisition are subject to further negotiation between the vendor and the purchaser" * Source text for Eikon ID:nHKS93wxgM ((For more news, please click here 1327.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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