Brief: Dafeng port Heshun Technology appoints new CEO; Updates on major transaction

Yancheng Port International

12/10/2016 01:12

Oct 12 (Reuters) - Dafeng Port Heshun Technology Co Ltd 
 8310.HK - 
    * Lo Ka Man resigned as executive director, chief executive 
officer 
    * Sun Lin has been appointed as chief executive officer 
    * Parties agreed to debt settlement arrangement regarding 
debts owed by target company of rmb79.5 million 
    * Deal for consideration of RMB40 million 
    * Sellers have conditionally agreed to sell, entire equity 
interest of target company 
    * Equity purchase and debt settlement deal entered into 
among purchaser , sellers, target Co 
    * Purchaser is Yancheng Dafeng Heshun International Trading 
 
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