Brief: Regent Pacific Group Enters Non-Legally Binding, Indicative Offer With Yooya
29/05/2019 16:04
May 29 (Reuters) - Regent Pacific Group Ltd 0575.HK :
* ENTERED INTO A NON-LEGALLY BINDING, INDICATIVE OFFER WITH
YOOYA
FOR POSSIBLE ACQUISITION OF YOOYA FOR ABOUT US$15 MILLION
* SIGNED SUBSCRIPTION AGREEMENTS WITH CERTAIN PARTIES FOR
TOTAL
AMOUNT OF ABOUT US$17.5 MILLION IN CONVERTIBLE LOAN NOTES
* CONVERTIBLE LOAN NOTES TO ACCRUE INTEREST AT RATE OF 4%
PA,
MATURE IN MAY 2022 & AT CONVERSION PRICE OF HK$0.2125 PER SHARE
Source text for Eikon: urn:newsml:reuters.com:*:nHKS8SbqjM
Further company coverage: 0575.HK
((Reuters.Briefs@thomsonreuters.com;))
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