Brief: China Lending Corp Signs Framework Agreement To Increase Its Stake In Zhejiang Lixin

Roan Holdings

04/02/2019 12:23

Feb 4 (Reuters) - China Lending Corp  CLDC.O :
    * CHINA LENDING CORPORATION SIGNS FRAMEWORK AGREEMENT TO
INCREASE
ITS STAKE IN ZHEJIANG LIXIN
    * CHINA LENDING CORP - SIGNED A FRAMEWORK AGREEMENT TO
ACQUIRE UP
TO 80.4592% OF EQUITY INTEREST IN ZHEJIANG LIXIN ENTERPRISE
MANAGEMENT HOLDING CO.
    * CHINA LENDING CORP - EXACT TERMS & CONDITIONS OF PROPOSED
TRANSACTION ARE STILL BEING FINALIZED, FINANCIAL & LEGAL DUE
DILIGENCE HAS BEEN LAUNCHED BY RESPECTIVE PARTIES
    * CHINA LENDING CORP - PROPOSED TRANSACTION HAS BEEN
APPROVED BY
BOARD OF DIRECTORS OF CHINA LENDING AND MAJORITY OF SHAREHOLDERS
OF LIXIN

Source text for Eikon:  ID:nPnb4xNY1a 
Further company coverage:  CLDC.O 

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