Brief: Midas International Holdings says Gold Throne in talks to dispose stake in co

Magnus Concordia

01/09/2017 12:42

Sept 1 (Reuters) - Midas International Holdings Ltd 
 1172.HK : 
    * Gold Throne & potential purchaser entered into memorandum 
of understanding 
    * Gold Throne Finance, controlling shareholder of Midas is 
in  discussion regarding possible disposal of 2.01 billion 
shares in issue of Midas 
    * Potential purchaser paid upon signing of the MOU a sum of 
HK$20 million as earnest money held in escrow 
    * Disposal of shares in issue of Midas at HK$0.10 per share 
 
Source text: (bit.ly/2wXMSob) 
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