Brief: Shanghai Industrial enters into sale and purchase agreement

Shanghai Industrial Holdings

30/09/2016 15:52

Sept 30 (Reuters) - Shanghai Industrial Holdings Ltd 
 0363.HK :  
    * Shanghai Ind H-discloseable And Connected Transaction - 
Acquisition Of Indirect Equity Interest In A Company Engaged In 
The Operation Of Hangzhou Bay Bridge  0363.HK  
    * Deal for consideration of HK$1.8 billion 
    * SIIC (as vendor) and Si Infrastructure (as purchaser) 
entered into sale and purchase agreement 
    * Pursuant to deal it was conditionally agreed that Si 
Infrastructure shall acquire sale share and benefit of sale loan 
from SIIC 
    * Consideration will be funded by internal resources of 
group 
 
Source text for Eikon:  ID:nHKS2K0vnT  
Further company coverage:  0363.HK  
 
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