Brief: Jade Road Investments Agrees To Transfer Legacy Asian Assets To Eastern Champion

Shaires Holdings

02/01/2024 07:28

Jan 2 (Reuters) - Jade Road Investments Ltd  JADE.L :
    * AGREED TO TRANSFER ITS LEGACY ASIAN ASSETS TO A SPECIAL
PURPOSE
VEHICLE, EASTERN CHAMPION LTD
    * UPON COMPLETION OF LEGACY ASSET TRANSFER, SPV WILL MAKE AN
IN
SPECIE DIVIDEND OF ITS SHARES TO EXISTING SHAREHOLDERS
    * RECEIVED UNANIMOUS SUPPORT OF NOTEHOLDERS TO EFFECT
PROPOSALS
INCLUDING EXTENDING MATURITY DATE OF LOAN NOTES TO 30 JUNE

Source text for Eikon:  ID:nRSB2719Ya 
Further company coverage:  JADE.L 

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