Brief: Shandong Weigao Group Medical Polymer Announces Financial Asset Disposal, Novation Of Contracts
29/12/2020 15:11
Dec 29 (Reuters) - Shandong Weigao Group Medical Polymer Co
Ltd 1066.HK :
* UNIT TO SELL SECURED CONVERTIBLE PROMISSORY NOTES OF
NEUROVASC
OF OUTSTANDING PRINCIPAL AMOUNT US$40.1 MILLION
* CONSIDERATION FOR DISPOSAL OF NOTES OF US$46.9 MILLION
* UPON COMPLETION OF DISPOSAL & NOVATION, CO EXPECTS TO
RECORD
GAIN OF US$7.9 MILLION
Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2020/1229/2020122901324.pdf
Further company coverage: 1066.HK
((Reuters.Briefs@thomsonreuters.com;))
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