Brief: Redco Properties Group Announces Acquisition Of 35% Interest In Makati City Subway
18/02/2020 15:08
Feb 18 (Reuters) - Redco Properties Group Ltd 1622.HK :
* REDCO PROPERTIES GROUP LTD ANNOUNCES ACQUISITION OF 35%
INTEREST
IN MAKATI CITY SUBWAY
* UNIT, PHILIPPINE INFRADEV & MAKATI CITY SUBWAY INC ENTER
SHARE
PURCHASE AGREEMENT
* MAKATI CITY SUBWAY, TO ALLOT AND ISSUE, 36 MILLION SHARES
OF
MAKATI CITY SUBWAY AT SUBSCRIPTION PRICE OF US$72 MILLION TO
UNIT
* INFRADEV TO ASSIGN, TRANSFER AND CONVEY 15 MILLION MCSI
SHARES
TO UNIT FOR US$30 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKS60Q95B
Further company coverage: 1622.HK
(Reuters.Briefs@thomsonreuters.com)
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