Brief: Crown International Says Unit Entered Memorandum Of Understanding
20/12/2022 05:58
Dec 20 (Reuters) - Crown International Corp 0727.HK :
* UNIT ENTERED INTO A NON-LEGALLY BINDING MEMORANDUM OF
UNDERSTANDING
* PURSUANT TO MOU CRG INTENDS TO ACQUIRE EQUITY INTEREST IN
SHENZHEN XING RUN HOLDINGS
* AMOUNT OF STAKE IN SZXRH TO BE BOUGHT & CONSIDERATION FOR
PROPOSED DEAL SUBJECT TO FURTHER NEGOTIATIONS BETWEEN MOU
PARTIES
Further company coverage: 0727.HK
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Sinopros
See all newsBrief: Crown International Expects Loss Of At Least HK$70 Million For FY
Brief: Crown International Corp To Dispose Entire Stake In Grandlife Investment Co. For RMB180 Million
Brief: Crown International Proposes Rights Issue On Basis Of 3 Rights Shares For Every 1 Share
Brief: Crown International Corp Sees FY Profit Between HK$15 Million And HK$25 Million
Brief: Crown International Corp Announces Share Consolidation