Brief: Sansheng Holdings Group Says Total Prestige Holdings To Buy Rosy Path Group For HK$347.3 Mln

Sansheng Holdings Co

24/08/2020 15:57

Aug 24 (Reuters) - Sansheng Holdings Group Co Ltd  2183.HK :
    * TOTAL PRESTIGE HOLDINGS TO ACQUIRE ROSY PATH GROUP FOR
HK$347.3
MILLION
    * CONSIDERATION TO BE SETTLED BY WAY OF ISSUE AND ALLOTMENT
OF
49.5 MILLION NEW SHARES AT ISSUE PRICE OF HK$7.02 PER SHARE
    * FUZHOU SANSHENG TO PROVIDE FUNDING TO FUZHOU BOSHENG GROUP
COMPRISING RMB650 MILLION NON-INTEREST-BEARING LOAN
    * UNSECURED LOAN TO BE PROVIDED BY FUZHOU SANSHENG TO FUZHOU
BOSHENG GROUP FOR DEVELOPMENT OF REAL ESTATE PROPERTIES

Source text https://bit.ly/3aWkrYH
Further company coverage:  2183.HK 

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