Brief: V1 Group Announces Acquisition Of Easy Prime Developments Ltd

Crazy Sports

30/07/2018 12:36

July 30 (Reuters) - V1 Group Ltd  0082.HK :
    * ANNOUNCES ACQUISITION OF EASY PRIME DEVELOPMENTS LTD FOR
HK$630
MILLION FROM RISING GREEN LTD
    * ABOUT 40% OF CONSIDERATION SHALL BE SATISFIED BY WAY OF
ISSUE OF
878.3 MILLION CONSIDERATION SHARES AT HK$0.286 PER SHARE BY CO
    * HK$206.4  MILLION OF CONSIDERATION SHALL BE PAYABLE IN
CASH IN
THREE BATCHES
    * HK$172.4 MILLION, BEING ABOUT 27% OF CONSIDERATION, SHALL
BE
SATISFIED BY WAY OF CREATION & ISSUE OF CONVERTIBLE BONDS BY CO

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS19mpj9
Further company coverage:  0082.HK 

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