Brief: Wang On Group Says Wang On Properties Entered Into Agreement With KKR
29/04/2019 13:58
April 29 (Reuters) - Wang On Group Ltd 1222.HK :
* WANG ON PROPERTIES LIMITED ENTERED INTO AGREEMENT WITH
KKR, AN
INDEPENDENT THIRD PARTY
* KKR JV PARTNER WILL ACQUIRE AND SUBSCRIBE FOR NEW SHARES,
AND
WOP JV PARTNER WILL DISPOSE OF A 50% STAKE IN JV CO
* TOTAL SUM PAYABLE BY KKR JV PARTNER FOR INVESTMENT AMOUNTS
TO
ABOUT HK$180 MILLION
Source text for Eikon: ID:nHKS1NKQZ8
Further company coverage: 1222.HK
((Reuters.Briefs@thomsonreuters.com;))
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