Brief: CLEANTECH SOLUTIONS INTERNATIONAL'S UNIT ENTERS SHARE SWAP AGREEMENT WITH MARVEL FINANCE

Sharing Economy International

22/11/2017 11:31

Nov 22 (Reuters) - Cleantech Solutions International Inc 
 CLNT.O : 
    * CLEANTECH SOLUTIONS INTERNATIONAL - UNIT VANTAGE ULTIMATE 
LTD 
ENTERED INTO CONDITIONAL SHARE SWAP AGREEMENT WITH MARVEL 
FINANCE LIMITED 
    * CLEANTECH SOLUTIONS INTERNATIONAL INC - AGREEMENT IS TO 
ACQUIRE 
MARVEL'S 51% INTEREST IN ISSUED SHARE CAPITAL OF INTEGRATED 
MEDIA TECHNOLOGY LIMITED 
    * CLEANTECH-FOR 51% INTEREST, CO TO ISSUE 19.5% OF ISSUED & 
OUTSTANDING SHARES OF CO, 5-YEAR INTEREST-FREE PROMISSORY NOTE 
IN AMOUNT OF $11.5 MILLION TO MARVEL 
    * CLEANTECH SOLUTIONS INTERNATIONAL INC - MARVEL'S 51% 
INTERST IN 
ISSUED SHARE CAPITAL OF INTEGRATED MEDIA TECHNOLOGY LIMITED IS 
VALUED AT $13.5 MILLION 
 
Source text for Eikon:  ID:nPn2HG0Pna  
Further company coverage:  CLNT.O  
 
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