Brief: V1 Group says unit intends to further subscribe new ordinary shares in Bank Of Asia Ltd

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28/12/2016 13:48

Dec 28 (Reuters) - V1 Group Ltd  0082.HK : 
    * Unit  intends to further subscribe for up to 35.2 million 
new ordinary shares in Bank Of Asia (Bvi) Limited 
    * Deal pursuant to which subscriber and issuer have agreed 
to use their best endeavours to negotiate and enter into formal 
agreement 
    * Subscriber (a direct wholly-owned subsidiary of company), 
issuer and guarantor entered into mou in relation to proposed 
further subscription 
    * Deal for a total subscription price of up to US$32 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKSc71tmN 
Further company coverage:  0082.HK  
 
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