Brief: Yangtze River Development To Buy All Interests Of Wuhan Economic Development Port

Yangtze River Port and Logistics

27/12/2017 22:08

Dec 27 (Reuters) - Yangtze River Development Ltd  YERR.O : 
    * YANGTZE RIVER DEVELOPMENT - ON DEC 26, CO ENTERED 
AGREEMENT WITH 
SHAREHOLDERS OF WUHAN ECONOMIC DEVELOPMENT PORT TO BUY ALL 
INTERESTS OF WUHAN  
    * YANGTZE RIVER DEVELOPMENT - AS PER AGREEMENT, SHAREHOLDERS 
OF 
WUHAN WILL ACQUIRE ALL EQUITY INTEREST HELD BY CO IN CO'S UNIT 
ENERGETIC MIND 
    * YANGTZE - ON EXECUTION OF AGREEMENT, SHAREHOLDERS OF WUHAN 
WILL 
UNDERGO REORGANIZATION, BECOME LIMITED LIABILITY COMPANY OWNED 
BY A BVI ENTITY 
    * YANGTZE-DEAL CONSIDERATION TO BE FIRST OFFSET AGAINST BOTH 
PARTIES OF TARGET COS LEAVING BALANCE OF RMB 600 MILLION TO BE 
PAID BY CO TO WUHAN SHAREHOLDERS 
 
Source text: (http://bit.ly/2pI4Nw7) 
Further company coverage:  YERR.O  
 
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