Brief: Regal Hotels International Says Chengdu Fuhui Entered Deal

Paliburg Holdings

17/08/2018 16:23

Aug 17 (Reuters) - Regal Hotels International Holdings Ltd
 0078.HK :
    * CHENGDU FUHUI ENTERED DEAL WITH POTENTIAL JV PARTNER AND A
FIRM
CONTROLLED BY POTENTIAL JV PARTNER
    * AGREEMENT IN RELATION TO PAYMENT OF DEPOSIT FOR POSSIBLE
INVESTMENT IN TARGET COMPANY
    * CHENGDU FUHUI INTENDS TO BUY 60 PERCENT STAKE IN A CO
WHICH
WHOLLY OWNS A FIRM CONTROLLED BY POTENTIAL JV PARTNER
    * ESTIMATED INITIAL CONSIDERATION OF PROPOSED DEAL ABOUT RMB
3.5
BILLION

Source text for Eikon:  ID:nHKS7w38pg 
Further company coverage:  0078.HK 

 ((Reuters.Briefs@thomsonreuters.com;))