Brief: Meitu Enters MoU With Leyou Regarding Acquisition Of Shares In Dreamscape Horizon

Meitu

28/01/2019 10:18

Jan 28 (Reuters) - Meitu Inc  1357.HK :
    * MEITU AND LEYOU ENTERED INTO A MEMORANDUM FOR FURTHER
NEGOTIATION IN RELATION TO ACQUISITION BY CO OF SHARES IN
DREAMSCAPE HORIZON
    * MOU IN RELATION TO ACQUISITION BY MEITU OF SHARES IN
DREAMSCAPE
HORIZON, IN CONSIDERATION OF NEW SHARES TO BE ISSUED BY MEITU TO
LEYOU
    * SHALL ISSUE TO LEYOU NEW ORDINARY SHARES OF UP TO ABOUT
20% OF
ISSUED SHARE CAPITAL OF MEITU ON A FULLY DILUTED BASIS
    * INTENDS TO ACQUIRE ABOUT 30% OF ISSUED SHARE CAPITAL OF
DREAMSCAPE HORIZON

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS83PPxG
Further company coverage:  1357.HK 

 (Reuters.Briefs@thomsonreuters.com)