Brief: Convoy Global Proposes To Dispose Of Entire Platform Business & 30% Of IFA Business

Triller

25/11/2020 12:59

Nov 25 (Reuters) - Convoy Global Holdings Ltd  1019.HK :
    * CONDITIONALLY PROPOSES TO DISPOSE OF ITS ENTIRE PLATFORM
BUSINESS AND 30% OF ITS IFA BUSINESS TO AGBA
    * CONVOY GLOBAL HOLDINGS- TOTAL CONSIDERATION OF US$400
MILLION
    * DEAL TO BE SATISFIED BY PAYMENT OF US$100 MLN IN CASH &
ISSUE OF
US$300 MLN OF AGBA SHARES AT US$10 PER SHARE 

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS1MT20F
Further company coverage:  1019.HK 

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