Brief: Fullsun International Holdings Says Co & Jet Power Investments Entered Into Term Sheet

Vision Synergy Holdings

13/05/2022 15:56

May 13 (Reuters) - Fullsun International Holdings Group Co
Ltd  0627.HK :
    * CO & JET POWER INVESTMENTS ENTERED INTO TERM SHEET
    * JET POWER INVESTMENTS INTENDS TO PROVIDE A FUNDING OF $20
MILLION IN CASH
    * APPLICATION HAS BEEN MADE FOR RESUMPTION OF TRADING IN
SHARES
FROM 9:00 A.M. ON 16 MAY 2022
    * INVESTMENT FOR CO TO ALLOT AND ISSUE SUBSCRIPTION SHARES
REPRESENTING 90% OF ISSUED SHARE CAPITAL OF CO
    * POST PROPOSED RESTRUCTURING, EXPECTED THAT JET POWER
INVESTMENTS
WILL OWN 80% OF ISSUED SHARE CAPITAL OF CO

Source text for Eikon:  ID:nHKS4rmV72 
Further company coverage:  0627.HK 

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