Brief: New Silkroad Culturaltainment says Wealth Venture entered into subscription agreement with Macrolink Australia

New Silkroad Holding

02/10/2017 11:27

Oct 2 (Reuters) - New Silkroad Culturaltainment Ltd 
 0472.HK  
    * Wealth Venture entered into subscription agreement with 
Macrolink Australia 
    * Upon closing, target group will become subsidiaries of 
group 
    * Wealth Venture agreed to subscribe for 104 redeemable 
preference shares at subscription price of about HK$222.53 
million 
    * Wealth Venture entered into loan agreement as lender with 
Macrolink Australia for provision of loan of A$74.41 million 
    * Group will assume remaining liabilities of Australia and 
Ausco Group of up to about HK$356.92 million 
 
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