Brief: One Media Group updates on MOU regarding a possible disposal
04/03/2016 11:17
March 4 (Reuters) - One Media Group Ltd 0426.HK : * Board has been informed by vendor that the latter had, outside trading hours on 4 March 2016, entered into MOU * Says MOU regarding the possible disposal with an independent third party, Qingdao West Coast Holdings * Pursuant to the MOU, the potential purchaser shall place with the potential purchaser's legal counsel, as escrow agent, a sum of HK$6 million as earnest money * Source text for Eikon ID:nHKSc71Dh ((For more news, please click here 0426.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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