Brief: Zhong Ao Home says updates on memorandum of understanding in relation to a proposed acquisition
23/12/2015 13:55
Dec 23 (Reuters) - Zhong Ao Home Group Ltd 1538.HK : * Inside information announcement - memorandum of understanding in relation to a proposed acquisition 1538.HK * Says purchaser, an indirect wholly-owned subsidiary of the company, entered into the mou with the sellers * Says consideration will equal to 70% of five times multiples of the calculation basis * Pursuant to deal purchaser agreed to acquire 70% equity interest in target company Source text for Eikon ID:nHKS4C3RJb ((For more news, please click here 1538.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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