Brief: Qeeka Home Cayman Enters Cooperation & Cross-Investment Deal With Guangzhou Holike Creative Home

Qeeka Home (Cayman)

08/04/2019 13:24

April 8 (Reuters) - Qeeka Home Cayman Inc  1739.HK :
    * ENTERED STRATEGIC COOPERATION AND CROSS-INVESTMENT
AGREEMENT
WITH GUANGZHOU HOLIKE CREATIVE HOME
    * CO TO PURCHASE SHARES OF GUANGZHOU HOLIKE OF AN AGGREGATE
AMOUNT
OF ABOUT HK$80 MILLION FROM SHAREHOLDERS OF GUANGZHOU HOLIKE
    * GUANGZHOU HOLIKE TO PURCHASE SHARES OF CO OF AGGREGATE
AMOUNT OF
ABOUT HK$80 MILLION FROM SHAREHOLDERS OF CO
    * INITIAL REGISTERED CAPITAL OF JV CO EXPECTED TO BE RMB50
MILLION; CO CONTRIBUTED 51 PERCENT WHILE GUANGZHOU 49 PERCENT OF
CAPITAL

Source text for Eikon:  ID:nHKS4TVLlb 
Further company coverage:  1739.HK 

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