Brief: Sinotrans Enters Merger Agreement With Sinoair

Sinotrans

28/02/2018 12:30

Feb 28 (Reuters) - Sinotrans Ltd  0598.HK : 
    * WILL APPLY TO RELEVANT REGULATORY AUTHORITIES IN PRC FOR 
ISSUE 
AND LISTING OF A SHARES ON SHANGHAI STOCK EXCHANGE 
    * WILL APPLY SUBJECT TO COMPLETION OF MERGER PROPOSAL 
    * CO ENTERED INTO MERGER AGREEMENT WITH SINOAIR, A 60.95% 
OWNED 
SUBSIDIARY OF CO WHOSE SHARES ARE LISTED ON SHANGHAI STOCK 
EXCHANGE 
    * SHARE EXCHANGE, BEING ISSUE OF 1.37 BILLION A SHARES AS 
CONSIDERATION SHARES BY COMPANY AT ISSUE PRICE OF RMB5.32 PER 
CONSIDERATION SHARE 
 
Source text for Eikon:  ID:nHKS32Gnvn  
Further company coverage:  0598.HK  
 
 ((Reuters.Briefs@thomsonreuters.com;))