Brief: Vanke Property Overseas says co and China Vanke have not reached any agreement

Vanke Overseas Investment Holding

13/01/2016 09:52

Jan 13 (Reuters) - Vanke Property Overseas Ltd  1036.HK : 
 * Inside information announcement  1036.HK  
 * Says as of the date hereof, the company and China Vanke have not reached any 
agreement 
 * Says decided not to proceed with the potential acquisition for the time being 
 * Company has not identified any other property acquisition opportunities" 
 * To apply the remaining net proceeds of the rights issue for such other 
property acquisitions 
 * Parties have not executed any formal legal documents after amicable 
negotiations of proposed terms and conditions of potential acquisition 
 * Refers to announcement dated 25 June 2015 in relation to, amongst others, 
rights issue and the potential acquisition 
 
 * Source text for Eikon  ID:nHKSc0HMzg  
 
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