Brief: Sinotrans Ltd Updates On Possible Connected Transaction Undertakings By China Merchants Group

Sinotrans

28/05/2018 13:37

May 28 (Reuters) - Sinotrans Ltd  0598.HK :
    * UPDATES ON POSSIBLE CONNECTED TRANSACTION UNDERTAKINGS BY
CHINA
MERCHANTS GROUP LIMITED
    * REFERS TO PROPOSED ISSUE OF A SHARES & MERGER OF SINOTRANS
AIR
TRANSPORTATION DEVELOPMENT CORPORATION LTD THROUGH SHARE
EXCHANGE
    * IF TRADING PRICE FALLS BELOW INITIAL ISSUE PRICE IN FIRST
5 DAYS
OF LISTING, CHINA MERCHANTS WILL BUY RMB800 MILLION WORTH OF A
SHARES OF CO
    * NEITHER CO NOR ITS UNITS ARE INVOLVED IN RESPECT OF ABOVE
WITH
CHINA MERCHANTS, & TERMS OF MERGER AGREEMENT REMAIN UNCHANGED

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS6GX8pZ
Further company coverage:  0598.HK 

 ((Reuters.Briefs@thomsonreuters.com;))