Brief: Shandong Weigao Group Medical Polymer enters into agreements with Winbase International

Shandong Weigao Medical Polymer

15/06/2016 01:20

June 15 (Reuters) - Shandong Weigao Group Medical Polymer Co Ltd  1066.HK : 
 
 * Major transaction involving proposed disposal of 81% equity interest in weigao ortho, discloseable transaction involving possible disposal of the consideration shares, discloseable transaction involving proposed acquisition 
 * Company and Weigao Logistic entered into asset transfer agreement with 
Winbase International 
 * Expects to record decrease in net profit for six months ending June 30 
 * Deal for RMB4.91 billion 
 * Expected results due to recognition of the share-based payment expenses 
 * Company entered into share transfer agreement with shiyou chemical 
 * Co has conditionally agreed to acquire the sale shares at a consideration of RMB1.42 billion 
 * Winbase International and co entered into subscription agreement of cash consideration of RMB300 million 
 * Source text for Eikon  ID:nHKS1csH45  
 
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