Brief: Oriental Payment Group Holdings Says Co & China New Economy Fund Ltd Entered Share Swap Agreement
08/09/2020 16:19
Sept 8 (Reuters) - Oriental Payment Group Holdings Ltd
8613.HK :
* CO & CHINA NEW ECONOMY FUND LTD ENTERED SHARE SWAP
AGREEMENT
* UNDER AGREEMENT CO TO SUBSCRIBE FOR 86.0 MILLION CNE
SUBSCRIPTION SHARES AT HK$0.2 PER SUBSCRIPTION SHARE
* UNDER AGREEMENT, CNE TO SUBSCIRBE FOR 200 MILLION OPG
SUBSCRIPTION SHARES AT HK$0.086 PER SUBSCRIPTION SHARE
* UPON ALLOTMENT & ISSUE OF OPG SUBSCRIPTION SHARES,
SHAREHOLDING
OF CHINA SMARTPAY GROUP IN CO WILL BE DILUTED TO 27.08%
* FOLLOWING COMPLETION, CO WILL CEASE TO BE SUBSIDIARY OF
CSG
Source text for Eikon: ID:nHKS3jB4D5
Further company coverage: 8613.HK
((Reuters.Briefs@thomsonreuters.com;))
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