Brief: Sinocloud Group announces proposed acquisition of additional 18 pct equity interest in Sinocloud 01 Ltd

SinoCloud

07/03/2017 11:29

March 7 (Reuters) - Sinocloud Group Limited  SINL.SI  
    * Proposed Acquisition Of Additional 18.0% Equity Interest 
In Sinocloud 01 Limited 
    * Deal  to acquire 18.0% of equity interests in Sinocloud 01 
Limited , being 18,000 ordinary shares in capital of target 
    * Through unit entered into a sale and purchase agreement  
with Zhang Dai and Xu Yong 
    * Deal for an aggregate purchase consideration of hk$36 
million 
    * Group's effective interest in target will increase from 
63.0% to 81.0% following completion 
    * Proceeds from proposed settlement are intended to be used 
for expansion of group's internet data centre business in prc 
 
Source text for Eikon:  ID:nSNZ5jhsKv  
Further company coverage:  SINL.SI  
 
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