Brief: China Innovationpay Group says it entered into sale and purchase agreement with sellers

Youzan Technology

28/03/2017 15:53

March 28 (Reuters) - China Innovationpay Group Ltd 
 8083.HK - 
    * Company and sellers entered into sale and purchase 
agreement 
    * Sellers  agreed to sell and company has  agreed to 
purchase sale shares for a total consideration of hk$2.1 billion 
    * Company entered into sm placing agreement with placing 
agent 
    * Placing agent to procure not less than six sm placees to 
subscribe for up to 460 million sm placing shares 
    * Application has been made to stock exchange for resumption 
of trading in shares with effect from 9:00 a.m. On 29 march 2017 
    * Sm placing agreement at sm placing price of hk$0.5 to 
hk$0.75 per sm placing share 
 
Source text (http://bit.ly/2ouAFz1) 
Further company coverage:  8083.HK  
 
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