Brief: Dafeng Port Heshun Technology Co says unit enters equity transfer agreement with Shenzhen Zhengyi Enterprise Management

Yancheng Port International

06/03/2017 14:34

March 6 (Reuters) - Dafeng Port Heshun Technology Co Ltd 
 8310.HK  
    * Unit entered into equity transfer agreement with purchaser 
    * Company will, through its subsidiary, still hold 51% 
equity interest in target company after completion 
    * Purchaser agreed to purchase 49% of equity interest in 
target co in consideration of wu entering into deed of 
termination 
    * On same day march 6, parties to subscription agreement 
entered into deed of termination 
    * Pursuant to termination co is released from its 
obligations to allot new shares to wu under subscription 
agreement upon completion 
    * Target co is Qianhai Mingtian supply chain (shenzhen), 
purchaser Shenzhen Zhengyi Enterprise Management, seller Dafeng 
Port Heshun International Investment 
 
Source text for Eikon:  ID:nHKS8MkW0f  
Further company coverage:  8310.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com ;))