Brief: Kingbostrike says unit entered into non-legally binding mou

Prosperity International

10/03/2016 13:59

March 10 (Reuters) - Kingbostrike Ltd  1421.HK : 
 * Says unit entered into the non-legally binding mou with the vendor and the 
   guarantor in relation to the possible acquisition 
 * Pursuant to mou, it is proposed that purchaser will acquire 60% of entire issued share capital of target company 
 * Purchaser will pay a sum of hk$20 million to the vendor as refundable earnest 
   money within five days from the date of the mou 
 
 * Source text for Eikon  ID:nHKS6FxNkC  
 
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