Brief: MBH Establishes New Engineering Vertical With Acquisition Of 3Ks Engineering

MBH

26/01/2021 11:46

Jan 26 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * ESTABLISHES A NEW ENGINEERING VERTICAL WITH ACQUISITION OF
3KS
ENGINEERING
    * ESTABLISHES A NEW VERTICAL WITH 100% ACQUISITION OF 3KS
ENGINEERING ("3KS")
    * ESTIMATED TOTAL CONSIDERATION FOR ACQUISITION IS
APPROXIMATELY
GBP3.3M
    * CONSIDERATION WILL BE PAID PARTLY IN UNLISTED BONDS IN MBH
CORPORATION PLC AND WOULD CONVERT TO LISTED BONDS UPON
COMPLETION OF AUDITED ACCOUNTS
    * TERMS OF LISTED AND UNLISTED BONDS ARE AS FOLLOWS: • 5
YEAR
TERMS AND PRINCIPAL PAYABLE ON MATURITY • 5% INTEREST PER ANNUM
PAYABLE SEMI-ANNUALLY

Source text for Eikon:  ID:nEQ22rLTna 
Further company coverage:  M8H.DE 

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