Brief: Worldgate Global Logistics Announces Acquisition Of 51% Stake In China Elegant For HK$6.6 Mln
17/11/2020 15:20
Nov 17 (Reuters) - Worldgate Global Logistics Ltd 8292.HK :
* WORLDGATE INTERNATIONAL INVESTMENTS TO BUY 51% STAKE OF
CHINA
ELEGANT
* CONSIDERATION FOR ACQUISITION IS HK$6.6 MILLION
* PROPOSES SHARE CONSOLIDATION OF EVERY 10 ISSUED, UNISSUED
SHARES
OF PAR VALUE HK$0.01 EACH INTO 1 CONSOLIDATED SHARE
* CONSIDERATION SATISFIED BY ALLOTMENT AND ISSUE OF 200
MILLION
CONSIDERATION SHARES TO CHAN KA WAI
Source text https://bit.ly/3nxL1MZ
Further company coverage: 8292.HK
((Reuters.Briefs@thomsonreuters.com;))
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