Brief: China Meidong Auto To Acquire All Issued Shares Of Starchase Motorsports For RMB3.7 Billion

China MeiDong Auto Holdings

13/12/2021 14:18

Dec 13 (Reuters) - China MeiDong Auto Holdings Ltd
 1268.HK :
    * CONDITIONALLY AGREED TO ACQUIRE ALL ISSUED SHARES OF
STARCHASE
MOTORSPORTS FOR A TOTAL CASH CONSIDERATION OF RMB3.7 BILLION
    * INTENDS TO SATISFY CONSIDERATION WITH INTERNAL RESOURCES,
BANK
BORROWINGS, DEBT AND/OR EQUITY FUND RAISING AND/OR OTHER MEANS
    * UPON COMPLETION, STARCHASE MOTORSPORTS WILL BECOME A UNIT
OF CO

Source text for Eikon:  ID:nHKS4t8Mw5 
Further company coverage:  1268.HK 

 ((Reuters.Briefs@thomsonreuters.com;))