Brief: On time logistics holdings vendors, offeror and guarantors entered into spa on 8 may 2017

YTO International Express and Supply Chain Technology

08/05/2017 12:02

May 8 (Reuters) - On Time Logistics Holdings Ltd  6123.HK  
    * Vendors, offeror and guarantors entered into SPA on 8 may 
2017 
    * Total consideration for sale shares is hk$1.04 billion, 
equivalent to HK$4.0698 per sale share 
    * Vendors have agreed to sell and offeror has agreed to 
purchase, in aggregate, 255.8 million sale shares 
    * vendors being LAM, Haenisch, LAM Investco and Haenisch 
Investco 
    * Haitong International Securities launches cash offer for 
and on behalf of offeror to acquire all issued shares of on time 
logistics 
    * Offeror is YTO Express Group Co 
 
Source text for Eikon:  ID:nHKS4Q4NNM  
Further company coverage:  6123.HK  
 
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