Brief: Sitoy Group Holdings Announces Acquisition Of 95.35 Pct Stake In A. Testoni S.P.A
20/11/2018 14:13
Nov 20 (Reuters) - Sitoy Group Holdings Ltd 1023.HK :
* ANNOUNCES TRANSACTION IN RELATION TO ACQUISITION OF 95.35%
EQUITY INTEREST IN A. TESTONI S.P.A
* DEAL FOR INITIAL CONSIDERATION EQUIVALENT TO HK$85.5
MILLION
* ENZO FINI HAS AGREED TO ASSIGN & SITOY AT HOLDINGS HAS
AGREED TO
TAKE AN ASSIGNMENT OF SHAREHOLDER LOAN OF HK$44.8 MILLION
Source text for Eikon: urn:newsml:reuters.com:*:nHKSBd33T
Further company coverage: 1023.HK
((Reuters.Briefs@thomsonreuters.com;))
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