Brief: China Innovationpay updates on MOU in relation to a possible acquisition

Youzan Technology

19/07/2016 01:03

July 19 (Reuters) - China Innovationpay Group Ltd  8083.HK : 
 * Memorandum of understanding in relation to a possible acquisition  8083.HK  
 * Says consideration for the proposed acquisition is expected to be 
   approximately hk$4.11 billion 
 * Consideration shall be satisfied by the allotment and issuance of the shares 
   of the company to the sellers 
 * The company, target co and current shareholders of target 
   co entered into mou 
 * Target group is principally engaged in providing online and offline solutions 
   to Mobile retailing in PRC 
 
* Source text for Eikon  ID:nHKS7THMHw  
 
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