Brief: Nameson holdings announces acquisition of V. SUCCESS

Nameson Holdings

28/09/2017 14:56

Sept 28 (Reuters) - Nameson Holdings Ltd  1982.HK  
    * Unit and Wong Ting Chung as vendor entered into share 
transfer agreement 
    * Nameson Group to acquire sale shares held by Wong Ting 
Chung representing entire issued share capital in V. Success, at 
consideration of HK$550 million 
    * Vendor agreed to provide profit guarantee to effect that 
consol net profits (after tax) of v. Success group, for fy will 
be no less than hk$66 million 
    * If V. Success group fails achieve profit guaranteed, 
vendor shall pay purchaser compensation equivalent to 8.33 times 
of shortfall amount 
 
Source text for Eikon:  ID:nHKS9SczLD  
Further company coverage:  1982.HK  
 
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