Brief: Pioneer Global Group buys 20 pct stake in InterContinental, Hong Kong

Pioneer Global

29/03/2017 05:06

March 29 (Reuters) - Pioneer Global Group Ltd  0224.HK : 
    * On 28 March 2017 (after trading hours), Uniever entered 
into agreements with vendor 
    * Deal for consideration of US$118.4 million 
    * Agreement to acquire additional 20% equity interest  of 
Hotel Investment Company 
    * Deal to acquire additional 20% equity interest (which 
consists of share capital and shareholder loan) of Hotel 
Investment Company 
    * Vendor is Panorama International Trading Limited, a 
company incorporated in British Virgin Islands 
    * Application has been made to stock exchange for resumption 
of trading of shares in company on 29 March 
 
Source text for Eikon:  ID:nHKS5b6mGZ  
Further company coverage:  0224.HK  
 
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