Brief: Food Idea Holdings To Buy Win Everest Holdings Through Unit

Palinda group

04/10/2019 14:11

Oct 4 (Reuters) - Food Idea Holdings Ltd  8179.HK :
    * UNIT TO BUY WIN EVEREST HOLDINGS LIMITED
    * UNIT TO ACQUIRE WIN EVEREST & TAKE UP ASSIGNMENT OF
SHAREHOLDER'S LOAN AT CONSIDERATION OF HK$60 MILLION
    * HK$17.64 MILLION OF CONSIDERATION TO BE SATISFIED BY ISSUE
&
ALLOTMENT OF 63 MILLION SHARES AT ISSUE PRICE OF HK$0.28 PER
SHARE

Source text for Eikon: urn:newsml:reuters.com:*:nHKS1pyhPj
Further company coverage:  8179.HK 

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