Brief: Memories Group Enters Shares Purchase Agreement With Oakfame Investment, Sun Hung Kai & Co

Sun Hung Kai & Co

29/04/2019 04:46

April 29 (Reuters) - Memories Group Ltd  MEMO.SI :
    * ENTERED INTO A SHARES PURCHASE AGREEMENT WITH OAKFAME
INVESTMENT
LTD AND ITS HOLDING COMPANY, SUN HUNG KAI & CO.
    * MEMORIES GROUP -  CONSIDERATION PAYABLE BY CO TO OAKFAME
BY WAY
OF ISSUANCE OF UNLISTED CONVERTIBLE BONDS IN PRINCIPAL AMOUNT OF
US$3.2 MILLION
    * AGRREMENT FOR PROPOSED ACQUISITION OF ABOUT 1.7 MILLION
SHARES
IN CAPITAL OF STRAND HOTEL INTERNATIONAL LTD
    * CONVERSION PRICE OF CONVERTIBLE BONDS SHALL BE US$0.185

Source text for Eikon:  ID:nSNQPl4f 
Further company coverage:  MEMO.SI 

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