Brief: Enerkon Solar International Plans To Invest $30 Million In Ursus

New Technology Acquisition Holdings

04/09/2019 07:20

Sept 4 (Reuters) - Ursus sa  URSP.WA :
    * SAID ON TUESDAY THAT THE COMPANY AND ITS UNIT, URSUS BUS,
HAVE
SIGNED MEMORANDUM OF UNDERSTANDING WITH ENERKON SOLAR
INTERNATIONAL  ENKS.PK 
    * PARTIES TO SIGN TERM SHEET AND INVESTMENT AGREEMENT AS
SOON AS
POSSIBLE IN A BID TO RESTORE URSUS'S PRODUCTION CAPACITY
    * ENERKON SOLAR INTERNATIONAL PLANS TO INVEST IN THE FIRST
STAGE
UP TO $30 MILLION 
    * ENERKON SOLAR INTERNATIONAL PLANS TO ACQUIRE UP TO 7% OF
SHARES
IN URSUS AND UP TO 49% OF SHARES IN URSUS BUS

    
 Source text for eikon:  urn:newsml:reuters.com:*:nEM9NfKxQa
    
 Further company coverage:  URSP.WA  
   
    
    

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