Brief: Winshine Science Co Ltd updates on acquisition of 60% equity interest of Hainan Zhongzhi

Poly Xverse Intelligent Technology

03/04/2017 24:56

April 3 (Reuters) - Winshine Science Co Ltd  0209.HK  
    * Acquisition of 60% equity interest of target company 
    * Deal for at a total consideration of RMB30 million 
    * Upon completion of acquisition, target company will be 
held as to 60% by loyal victory and as to 40% by remaining 
shareholder 
    * Upon completion of acquisition, Hainan Zhongzhi co will be 
held as to 60% by Loyal Victory and as to 40% by remaining 
shareholder 
    * Loyal Victory conditionally agreed to purchase 60% of 
existing equity interest of Hainan Zhongzhi Co 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKSQJkkh 
Further company coverage:  0209.HK  
 
 ((bangalore.newsroom@thomsonreuters.com;))