Brief: Starcrest Education Announces Proposed Deal For London School Of Science And Technology Ltd

Starcrest Education

18/09/2019 07:37

Sept 18 (Reuters) - Starcrest Education The Belt & Road Ltd
 OBOR.L :
    * STARCREST EDUCATION THE BELT & ROAD LTD - SIGNED
NON-LEGALLY
BINDING HEADS OF TERMS TO BUY 60% OF LONDON SCHOOL OF SCIENCE
AND TECHNOLOGY LTD
    * STARCREST EDUCATION THE BELT & ROAD LTD - ALSO AGREED TO
PUT
OPTION TO REQUIRE CO TO BUY REMAINING 40% OF LONDON SCHOOL OF
SCIENCE AND TECHNOLOGY
    * STARCREST EDUCATION THE BELT & ROAD - CONSIDERATION FOR
PROPOSED
DEAL YET TO BE DETERMINED, CO WILL NEED TO UNDERTAKE FUNDRAISE
TO SATISFY IT
    * STARCREST EDUCATION THE BELT & ROAD LTD - IF PROPOSED
TRANSACTION IS SUCCESSFUL, IT WILL AMOUNT TO A REVERSE TAKEOVER
UNDER LISTING RULES

Source text for Eikon:  ID:nRSR6769Ma 
Further company coverage:  OBOR.L 

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