Brief: Vpower Group International Says Vpower Cayman, Citic Cayman, JV Co Entered Agreement

Vpower International Holdings

29/01/2018 14:32

Jan 29 (Reuters) - Vpower Group International Holdings Ltd 
 1608.HK : 
    * VPOWER CAYMAN, CITIC CAYMAN, JV CO ENTERED INTO 
SHAREHOLDERS' 
AGREEMENT FOR PURPOSE OF REGULATING MANAGEMENT OF JV CO 
    * TOTAL COMMITMENT TO BE CONTRIBUTED BY GROUP TO FUND IS 
$80 
MILLION 
    * JV CO'S UNIT TO SUBSCRIBE FOR LIMITED PARTNERSHIP INTEREST 
IN 
FUND AS LIMITED PARTNER FOR COMMITMENT AMOUNT OF US$10 MILLION 
    * GOLDEN HERITAGE TO SUBSCRIBE FOR LIMITED PARTNERSHIP 
INTEREST IN 
FUND FOR COMMITMENT AMOUNT OF US$75 MILLION 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2Nnc5P 
Further company coverage:  1608.HK  
 
 (bangalore.newsroom@thomsonreuters.com)