Brief: Nan Hai Corporation Updates On Acquisition By True Vision Ltd
31/10/2018 15:02
Oct 31 (Reuters) - Nan Hai Corporation Ltd 0680.HK :
* UPDATES ON ACQUISITION BY TRUE VISION LIMITED OF OVER 70
CINEMAS
FROM GIANT HARVEST LIMITED
* LEASE OF CINEMA OPERATION IN A MALL IN SHENZHEN EXPIRED ON
SEPT
27
* UNDER AGREEMENT, VENDOR TO PAY COMPENSATION PURCHASER
RMB380
MILLION WITHIN 10 BUSINESS DAYS FROM EXPIRY DATE
* VENDOR GUARANTOR, HAS COMPENSATED PURCHASER FOR ANY LOSS
FROM
ANY BREACH OF SPA BY VENDOR
Source text for Eikon: urn:newsml:reuters.com:*:nHKS47qDhm
Further company coverage: 0680.HK
((Reuters.Briefs@thomsonreuters.com;))
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