Brief: Yat Sing Holdings Ltd entered into sale and purchase agreement

World Digital Economy Asset

27/10/2016 23:21

Oct 28 (Reuters) - Yat Sing Holdings Ltd  3708.HK  
    * Entered into sale and purchase agreement 
    * Deal for cash consideration of hk$337.3 million 
    * Application has been made by co to stock exchange for 
resumption of trading in shares with effect from 28 oct 
    * Offeror would finance consideration payable under offer by 
offer facility granted by kingston securities 
    * Offer price will be hk$0.563 per offer share which is same 
as price paid by offeror for each sale share pursuant to sale 
and purchase agreement 
    * Pursuant to deal vendor agreed to sell sale shares, 
representing approximately 53.5% of total issued share capital 
of company 
    * Updates on  acquisition of controlling interest in Yat 
Sing Holdings Limited by smart paradise international limited 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5BncCh 
Further company coverage:  3708.HK  
 
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