Brief: United Energy enters into shareholders agreement with Orient Group

United Energy

25/11/2016 10:30

Nov 25 (Reuters) - United Energy Group Ltd  0467.HK  
    * On 25 November 2016, company entered into shareholders 
agreement with Orient Group and OGIHL 
    * Agreement to jointly incorporate Orient Art Beijing and 
Orient Art BVI for investment in China and global market of 
artworks 
    * Deal will not have a material impact on financial 
position, production and operation of company 
    * Co will have to contribute RMB20 million as share capital 
of Orient Art Beijing 
    * The registered share capital of Orient Art Beijing is RMB 
100 million 
    * In this connection with Orient Art BVI, company will have 
to contribute hk$70 million 
 
Source text for Eikon:  ID:nHKS90wM2V  
Further company coverage:  0467.HK  
 
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