Brief: Fraser Holdings updates on cash offer of United Financial Holdings
11/05/2017 14:48
May 11 (Reuters) - Fraser Holdings Ltd 8366.HK
* Offeror as purchaser entered into SPA with National Honour
as vendor and Yu and Wong as guarantors
* Offeror agreed to acquire and National Honour agreed to
sell 1.08 billion shares, representing 75% equity interest in
company
* Deal for a consideration of HK$270 million
* Offer price is HK$0.25 per offer share under share offer
* Application has been for resumption of trading with effect
from 9:00 a.m. on 12 May 2017
* Offeror is United Financial Holdings Group
Source text for Eikon: urn:newsml:reuters.com:*:nHKS1r271B
Further company coverage: 8366.HK
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